Verizon and CBS Corporation Reach Long-Term Comprehensive Retransmission Consent And Program Carriage Agreement

Verizon Adds Full Episodes of CBS Prime-Time and Daytime

Programming to V CAST Video

CBS Television Network Video-on-Demand Content Available in Standard and High Definition and CBS Owned- and Operated-Television Stations Continue on Verizon FiOS TV

Verizon (NYSE:VZ) and CBS Corporation (NYSE: CBS.A and CBS) today announced comprehensive, new long-term program carriage agreements which bring new and expanded CBS programming to Verizon’s television and wireless customers. Verizon has broadened and extended its rights for retransmission consent for CBS’s owned and operated television stations, Network and local video-on-demand for the FiOS TV platform as well as mobile rights for Verizon Wireless’ V CAST Video service.



“We are extremely pleased to have reached this broad long-term agreement that recognizes the value of our programming,” said Leslie Moonves, President and CEO, CBS Corporation. “Verizon subscribers will have continued access to the Number One TV network not only through FiOS TV, but also through V CAST on the mobile phone, which enhances our profile on a key emerging platform.”



“Verizon is focused on providing the most comprehensive and exciting entertainment to our customers across all our services and platforms,” said John Harrobin, Senior Vice President of Digital Media for Verizon. “We’re pleased to extend our relationship with CBS, which helps us deliver the hit shows and compelling content our customers want to enjoy.”



Under the new agreement, Verizon has secured Mobile rights for full episodes of several top-rated CBS Entertainment and News programs, including shows from prime-time, daytime and the Number One news program, “60 Minutes.” Adding full episodes builds on the CBS content already available to Verizon Wireless V CAST subscribers.



The expanded agreements also provide national video-on-demand rights for programs in both standard and high definition format, including such leading shows as “CSI: Crime Scene Investigation,” “NCIS,” “Survivor,” and “Numb3rs,” as well as video-on-demand rights for local news, also in SD and HD.



And, Verizon will continue to offer CBS programming on Verizon FiOS TV, its all-digital fiber-optic TV service, which is available in parts of 14 states, and reaches more than 1.6 million subscribers.



Other terms of the agreement were not disclosed.