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Time Warner Cable and CBS Corp. unveiled a broad carriage agreement Tuesday morning that extends retransmission consent for CBS’s TV stations and carriage of Showtime Networks’ programming through 2013. Financial details of the deal, which the companies said came ahead of the end of the previous arrangement, weren’t disclosed.
CBS said last month it was in talks with a number of operators for retrans consent fees that should add $50 million in incremental revenue to the company’s balance sheet before the year is out, a tidy sum that could help partially offset slumping ad sales revenue.
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