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BRIEF-DIRECTV and CBS Corp reach content carriage deals

Oct 9 (Reuters) - Directv :

* Directv and cbs corporation reach new long-term content carriage agreements

* Says financial terms were not disclosed

* Source text:

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."

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