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CBS, Hearst-Argyle Strike Affiliation Agreement

Dec 2, 2005  •  Post A Comment

Hearst-Argyle Television will receive nearly $2.1 million from CBS in the first two years of a 10-year affiliation agreement, but will no longer receive network compensation starting in year three, according to a filing with the Securities and Exchange Commission.

In the filing, submitted Nov. 22 by Hearst-Argyle, CBS will pay the television station group $660,000 in the first year, and then $330,000 in the second year, to carry the network’s signal on Hearst-Argyle’s CBS affiliate WLKY-TV in Louisville, Ky. CBS will also pay Des Moines, Iowa, CBS affiliate KCCI-TV $726,000 in the first year, and $363,000 in the second year. By the third year, CBS’s payment to the two stations will be zero.

The new agreements, which were back-dated to July 1 and run through June 30, 2015, apply only to the primary network feed both in analog and digital format. The pacts also stipulate that both Hearst-Argyle and CBS will have to negotiate in order to carry any multiplexed programming on digital channels.