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Verizon to Carry CBS Signal, Programs on FiOS

Mar 20, 2006  •  Post A Comment

CBS Corp. and Verizon Communications said Monday they have reached an agreement under which the telephone giant will carry CBS’s broadcast signal and offer CBS shows on-demand to customers of Verizon’s new video service, FiOS.

Verizon will have rights to CBS’s analog, digital, multicast and high-definition programming seen on CBS owned-and-operated television stations. Also included is video-on-demand content from the O&Os and from the broadcast network.

Financial terms of the deal were not disclosed, though CBS CEO Leslie Moonves has repeatedly vowed that CBS will be compensated with cash for its broadcast signal as soon as opportunities to do so arrive.

The agreement does not encompass programming from the soon-to-be-shuttered UPN or from The CW Television Network, which is expected to launch in September.

The deal replaces a special agreement that had been reached between the two companies shortly before Verizon began offering FiOS last fall. FiOS currently is available in dozens of communities across seven states.

Verizon will make the CBS content available at no additional cost to FiOS subscribers who have a set-top box. Also, there will be no charge for VOD services in markets where CBS owns the CBS station. CBS owns TV stations in nearly every market where Verizon does business, with the exception of Washington.