NEW YORK and EL SEGUNDO, Calif., Oct. 9, 2012 /PRNewswire/ -- DIRECTV (NASDAQ:
DTV), one of the world's leading providers of digital entertainment
services, and CBS Corporation (NYSE: CBS.A and CBS), one of the
world's leading content providers, today announced renewal of their
content carriage agreements. Financial terms were not
disclosed.
The long-term deal covers retransmission consent for CBS owned
stations and continued carriage of Showtime, CBS Sports Network,
and Smithsonian Channel.
"We are very pleased with these renewals," said Martin Franks, Executive Vice President for
Planning, Policy and Government Relations, CBS Corporation.
"DIRECTV clearly recognizes the value our stations and our cable
channels bring to the audiences we share, and we have once again
demonstrated how two great companies can come together to forge
mutually beneficial free market agreements."
"This is great news for our customers, who will continue to
enjoy CBS and Showtime quality content for many years to come,"
said Derek Chang, Executive Vice
President, Content Strategy and Development, DIRECTV. "CBS
and DIRECTV both recognize the interests of our customers are best
served when we can privately work together as true programming
partners and responsibly work out an agreement that is fair for
everyone."
About DIRECTV:
DIRECTV (NASDAQ: DTV) is one of the world's leading providers of
digital television entertainment services delivering a premium
video experience through state-of-the-art technology, unmatched
programming and industry leading customer service to 33 million
customers in the U.S. and Latin
America. In the U.S., DIRECTV offers its 19.9 million
customers access to more than 170 HD channels and Dolby-Digital®
5.1 theater-quality sound, access to exclusive sports programming
such as NFL SUNDAY TICKET™, Emmy-award winning technology and
higher customer satisfaction than the leading cable companies for
11 years running. DIRECTV Latin America, through its subsidiaries
and affiliated companies in Brazil, Mexico, Argentina, Venezuela, Colombia, and other Latin American countries,
leads the pay-TV category in technology, programming and service,
delivering an unrivaled digital television experience to more than
13.6 million customers. DIRECTV sports and entertainment properties
include three Regional Sports Networks (Northwest, Rocky Mountain
and Pittsburgh) as well as a 60
percent interest in Game Show Network. For the most up-to-date
information on DIRECTV, please visit www.directv.com.
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, outdoor advertising, 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), Showtime Networks, CBS
Sports Network, Smithsonian Networks, Simon & Schuster, CBS
Television Stations, CBS Radio, CBS Outdoor, CBS Television
Studios, CBS Studios International, CBS Television Distribution,
CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS
Films and CBS EcoMedia. For more information, go to
www.cbscorporation.com.
SOURCE CBS Corporation