NEW YORK and ATLANTA, Oct. 2,
2017 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and
CBS) and Gray Television, Inc. (NYSE: GTN and
GTN.A) today announced that they have reached a
multi-year deal that renews station affiliation agreements
that otherwise would have expired at various times over the next
couple of years. The agreements cover all 32
Nielsen-designated markets in which Gray owns and operates
its 39 CBS-affiliated television stations, ranging from
Knoxville, Tenn., to North Platte, Neb., and collectively including
approximately 5.9 million television households.
"We are pleased we have reached this renewal agreement with our
valued partner Gray Television," said Ray
Hopkins, President, Television Networks Distribution, CBS
Corporation. "Through this comprehensive deal, both parties
recognize the near and long-term benefits in extending
our strong relationship, including the value the number
one Network brings to viewers."
"A majority of Gray-owned CBS stations are #1 in the markets
they serve and have been proud affiliates of CBS for five or more
decades," said Gray CEO Hilton H. Howell,
Jr. "From broadcast to digital and beyond, we will continue
to evolve with CBS and better serve our local viewers, with
high-quality network and local programming into the
foreseeable future."
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.
About Gray Television, Inc.:
Gray Television, Inc. (NYSE: GTN and GTN.A) owns and/or operates
over 100 television stations across 57 television markets that
collectively broadcast over 200 program streams including 104
channels affiliated with the CBS Network, the NBC Network, the ABC
Network and the FOX Network. Its portfolio includes the number-one
and/or number-two ranked television station operations in
essentially all of its markets, which collectively cover
approximately 10.6 percent of total United States television households. For
further information, see www.gray.tv.
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SOURCE Gray Television