BALTIMORE and NEW YORK, Sept. 11,
2017 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS)
and Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today announced a
multi-year deal that renews three station affiliation agreements
that were set to expire at the end of 2018. Additionally, CBS also
renewed an affiliation that was set to expire at the end of 2018
with a station that Sinclair
provides sales and other services to under a joint sales agreement.
The owned stations are KGAN in Cedar
Rapids, Iowa, KGBT in Harlingen,
Texas and WGME in Portland,
Maine, and the station to which Sinclair provides services is WTVH in
Syracuse, N.Y. The four agreements
have been renewed to be co-terminus with the four CBS affiliations
which were renewed earlier this year. The four renewed markets
serve approximately 1.5 million households.
"We are pleased we have reached this renewal agreement with
Sinclair," said Ray Hopkins, President of Network Distribution
for the CBS Television Network. "This is a win-win with our
longtime partner who recognizes the value that the number one
network brings to viewers in these markets, while CBS continues to
deliver industry-leading content and achieve both our short and
long-term economic goals."
"We are pleased to renew our agreements with CBS, a longtime
partner and provider of some of the most popular entertainment and
sports programming," said Barry
Faber, Sinclair's Executive
Vice President for Distribution and Network Relations. "The
renewals reflect the value of the symbiotic relationship, with the
local news and syndicated content we provide."
Sinclair's CBS affiliates cover
8% of the U.S. and serve more than nine million households.
Sinclair owns or operates CBS
Affiliates in 24 Markets, including the four listed above.
About Sinclair Broadcast Group, Inc.
Sinclair is one of the largest
and most diversified television broadcasting companies in the
country. Pro forma for the Tribune acquisition (before any related
divestitures), the Company will own, operate and/or provide
services to 233 television stations in 108 markets. The
Company has multiple emerging networks as well as stations
affiliated with all the major networks. Sinclair is a leading local news provider in
the country and a producer of live sports content. Sinclair's content is delivered via
multiple-platforms, including over-the-air, multi-channel video
program distributors, and digital platforms. The Company regularly
uses its website as a key source of Company information which can
be accessed at www.sbgi.net.
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' 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.
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SOURCE Sinclair Broadcast Group, Inc.