CBS and AT&T have come to terms on a deal to extend their carriage agreement. The companies issued a brief statement that reads:
“AT&T and CBS have reached an agreement to continue our long-standing relationship, which includes carrying the CBS Owned TV Stations, Showtime Channels, CBS Sports Network, Smithsonian Channel, and Pop (launching in 2016) on AT&T U-verse. Ultimately, we both want to provide our customers with the shows they want, when and how they care to watch.”
Variety reports that the accord followed a long night of negotiations.
“CBS’ talks with AT&T went down to the wire on Tuesday night as the sides faced a midnight expiration of CBS’ existing contract,” Variety reports. “CBS has been pushing hard for fee increases on retransmission consent deals for its 29 TV stations as it has promised investors that the company will rep $2 billion annually in retrans revenue by 2020. CBS is said to have pushed for fees of $2 a sub in its most recent round of retrans negotiations.”