CBS Getting Carriers to Pony Up

Jan 11, 2007  •  Post A Comment

CEO Les Moonves is hopeful that CBS’s long quest to get paid by the cable operators that carry CBS stations will soon succeed.

Speaking at an investor conference on Wednesday, Mr. Moonves said retransmission consent money could bring “hundreds of millions of dollars” by 2009.

He said the network was in talks with three smaller operators and that at this point, “it’s inevitable we’re going to get paid.”

Verizon has already agreed to pay in a deal that would bring in about $10 million annually and additional deals with smaller operators could bring in $5 million a year. After that, he hopes the bigger operators will fall in line.

“It will materially affect our numbers beginning in 2009,” he said, but added that there will be incremental revenue in 2007.