Verizon reaches new TV carriage agreement with CBS

Reuters with CNBC.com
Thursday, 22 Aug 2013 | 8:56 AM ET
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Verizon Communications reached an expanded agreement to carry CBS television programming while cable rival Time Warner Cable's blackout of CBS content continues.

Verizon on Thursday said it agreed to continued re-transmission of CBS stations and wider distribution of CBS Sports network on its FiOS TV service in multiple markets around the country.

Verizon has said that it has signed on Time Warner customers frustrated by the CBS blackout, which started Aug. 2 after the companies failed to agree on distribution terms.

In a memo to CBS employees this morning, CEO Les Moonves said "I cannot describe toyou the frustration I feel" at the pace of negotiations with Time Warner Cable.

Separately, USA Today reported that CBS and Time Warner Cable had agreed to temporarily lift the blackout in New York on Thursday night so customers could see the city's mayoral debate.

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