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CHARTER COMMUNICATIONS, INC. (CHTR) News
Charter and CBS Corporation Announce Multi-year Content Carriage Agreement
Charter Communications (NASDAQ: CHTR) and CBS Corporation (NYSE: CBS.A and CBS) have announced a new multi-year content carriage agreement that includes continued retransmission consent of CBS-owned television stations, including CBS-owned The CW affiliates, in multiple markets across the country as well as distribution of the entertainment and sports channels SHOWTIME®, Smithsonian Channel™ and CBS Sports Network on Charter's cable television platform.
The agreement also includes TV Everywhere and video-on-demand availability of programming from CBS and SHOWTIME to Spectrum subscribers in Charter markets across the country. Charter now has rights to live authenticated streaming on CBS.com, the CBS app and Charter's authenticated platform, giving their customers the ability to stream CBS' hit programming live online and across multiple devices. In addition, the authentication service SHOWTIME ANYTIME® will continue to provide Charter's SHOWTIME subscribers with unlimited access to acclaimed original series, hit movies, sports, documentaries, specials and much more online and on mobile devices. Financial terms were not disclosed.
"We are very pleased to extend and expand our partnership with Charter, which clearly recognizes the value CBS' industry-leading content brings to their viewers throughout the country," said Joseph Ianniello, Chief Operating Officer, CBS Corporation. "This latest deal once again helps us achieve our Company's economic and strategic goals, while delivering must-have content to viewers live and on demand whenever and wherever they want."
"We are pleased to have reached this agreement with CBS that reflects the importance and breadth of Charter's distribution and provides us expanded rights to provide our customers increased access to CBS' content both inside and, now for the first time, outside the home as well," said Tom Montemagno, EVP of Programming Acquisition, Charter Communications.
CBS-owned stations in Charter markets, including New York, Los Angeles, Dallas, Boston and Minneapolis-St. Paul, and CBS-owned The CW affiliates in Tampa and Atlanta, will continue to be distributed to Spectrum subscribers. Charter, the country's second largest cable distributor, has over 27 million customer relationships.Get Started today! - Risk Free