NEW YORK, Jan. 24, 2017 /PRNewswire/ -- CBS
Corporation (NYSE: CBS.A and CBS) and Meredith
Corporation (NYSE: MDP) today announced a long-term deal that
renews station affiliation agreements for four of its
owned-and-operated stations, including WGCL in Atlanta, Ga.; KPHO in Phoenix, Ariz.; KCTV in Kansas
City, Mo.; and WNEM in Flint, Mich. The four markets
renewed serve more than 5.5 million households.
The new deal also includes the renewal of
participation in CBS All Access, the CBS
Television Network's digital subscription video on demand and
Nielsen-measured live streaming service, plus a commitment to
distribution via the new Hulu live multi-channel digital television
service and participation in certain of the CBS
Television Network's future new entrant digital distribution deals
by all seven Meredith
owned-and-operated CBS affiliates.
Meredith's CBS affiliates cover
7% of the U.S. and serve more than eight million
households. In addition to the four listed above, Meredith's CBS affiliates include KMOV in
St. Louis, Mo., WFSB in Hartford, Conn. and
WSHM in Springfield, Mass.
The affiliation agreements for those three stations were renewed
last year.
"We are a longtime proud partner of Meredith, and this agreement will benefit both
companies in the near and long-term," said Ray Hopkins, president of network distribution
for the CBS Television Network. "We are pleased that in
extending this deal and committing to certain new and future
digital distribution opportunities, Meredith recognizes the value that CBS'
hit programming brings to their business and, most
importantly, the viewers in each market."
Commenting on the agreement, Paul
Karpowicz, the president of Meredith's Local Media Group, said, "We are
happy to extend our affiliation agreement with CBS in these four
key markets and further our relationship with CBS on certain
digital opportunities."
About CBS Corporation
CBS Corporation (NYSE:
CBS.A and CBS) is a mass media company that creates and distributes
industry-leading content across a variety of platforms to audiences
around the world. The Company has businesses with origins that date
back to the dawn of the broadcasting age as well as new ventures
that operate on the leading edge of media. CBS owns the
most-watched television network in the U.S. and one of the world's
largest libraries of entertainment content, making its brand — "the
Eye" — one of the most recognized in business. The Company's
operations span virtually every field of media and entertainment,
including cable, publishing, radio, local TV, film, and interactive
and socially responsible media. CBS's businesses include CBS
Television Network, The CW (a joint venture between CBS Corporation
and Warner Bros. Entertainment), CBS Television Studios, CBS
Studios International, CBS Television Distribution, CBS Consumer
Products, CBS Home Entertainment, CBS Interactive, CBS Films,
Showtime Networks, CBS Sports Network, Pop (a joint venture between
CBS Corporation and Lionsgate), Smithsonian Networks, Simon &
Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia. For
more information, go to www.cbscorporation.com.
About Meredith Corporation
Meredith Corporation
(NYSE: MDP; www.meredith.com) has been committed to service
journalism for 115 years. Today, Meredith uses multiple distribution platforms
– including broadcast television, print, digital, mobile and video
– to provide consumers with content they desire and to deliver the
messages of its advertising and marketing partners.
Meredith's Local Media Group
includes 17 owned or operated television stations reaching 11
percent of U.S. households. Meredith's portfolio is concentrated in large,
fast-growing markets, with seven stations in the nation's Top 25 –
including Atlanta, Phoenix, St.
Louis and Portland – and 13
in Top 50 markets. Meredith's
stations produce 700 hours of local news and entertainment content
each week, and operate leading local digital
destinations.
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SOURCE CBS Corporation