NEW YORK and DES MOINES,
Iowa, March 26, 2020
/PRNewswire/ -- ViacomCBS (NASDAQ: VIACA, VIAC) and Meredith
Corporation (NYSE: MDP) today announced a multi-year deal to renew
affiliation agreements for all seven of its CBS Affiliates,
including three top 25 market affiliates, WGCL in Atlanta, GA; KPHO in Phoenix, AZ; and KMOV in St. Louis, MO. The seven markets combined
reach 7 percent of the U.S. audience serving more than 7.6 million
television households.
Meredith's CBS affiliates will continue to be locally available
to subscribers of CBS All Access, CBS' digital subscription
video on-demand and live streaming service. It will also be widely
distributed across virtual multichannel video programming
distributor platforms and traditional cable and satellite
services.
"We are pleased to reach an early agreement with our valued
partners at Meredith," said Ray
Hopkins, President, U.S. Networks Distribution, ViacomCBS.
"Our collaboration allows us to continue to support local
communities with crucial access to CBS' leading news and
entertainment programming, which has never been more important than
in this current climate."
"We value our long-standing relationship with ViacomCBS and are
very pleased to be able to continue to offer our viewers access to
the CBS network's outstanding primetime, news and live sports
programming, including the National Football League," said Meredith
Local Media Group President Patrick
McCreery.
The agreement consists of renewals for these Meredith-owned CBS
affiliates: WGCL in Atlanta, GA;
KPHO in Phoenix, AZ; KMOV in
St. Louis, MO; KCTV in
Kansas City, MO; WFSB in
Hartford & New Haven, CT; WNEM in Flint-Saginaw-Bay City,
MI; and WSHM in Springfield-Holyoke,
MA.
About ViacomCBS
ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and
entertainment company that creates premium content and experiences
for audiences worldwide. Driven by iconic consumer brands, its
portfolio includes CBS, Showtime Networks, Paramount Pictures,
Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and
Simon & Schuster, among others. The company delivers the
largest share of the U.S. television audience and boasts one of the
industry's most important and extensive libraries of TV and film
titles. In addition to offering innovative streaming services and
digital video products, ViacomCBS provides powerful capabilities in
production, distribution and advertising solutions for partners on
five continents.
For more information about ViacomCBS, please visit
www.viacbs.com and follow @ViacomCBS on social platforms.
About Meredith Corporation
Meredith Corporation has been committed to service journalism
for 118 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 National Media Group reaches 185 million unduplicated
American consumers every month, including nearly 90 percent of U.S.
millennial women. Meredith is a leader in creating content across
media platforms and life stages in key consumer interest areas such
as entertainment, food, lifestyle, parenting and home. Meredith is
the No. 1 magazine operator in the U.S., and owner of the largest
premium content digital network for American consumers. Meredith's
leading national brands PEOPLE, Better Homes & Gardens,
InStyle, Allrecipes, REAL SIMPLE, SHAPE, Southern Living, FOOD
& WINE, Travel + Leisure, Martha
Stewart Living and Health. Meredith also features robust
brand licensing activities including more than 3,000 SKUs of
branded products at 4,000 Walmart stores across the U.S. and at
walmart.com. Meredith's National Media Group also includes leading
affinity marketer Synapse, and The Foundry, the Company's
state-of-the-art creative lab and content studio.
Meredith's Local Media Group includes 17 television stations
reaching 11 percent of U.S. households and 30 million viewers.
Meredith's portfolio is concentrated in large, fast-growing
markets, with seven stations in the nation's Top 25 markets
–including Atlanta,
Phoenix, St. Louis and Portland – and 13 in the Top 50.
Meredith's stations produce more than 700 hours of local news and
entertainment content each week, and operate leading local digital
destinations. Meredith also owns MNI Targeted Media, which delivers
targeted advertising solutions to more than 1,200 clients on a
local, regional and national level.
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SOURCE Meredith Corporation