CBS and Comcast Reach Surprising 10-Year Deal

By Andrew Gauthier 

The New York Times

In a deal that represents hundreds of millions of dollars in new revenue for CBS, the network said Monday that it had secured subscriber fees for its local stations from Comcast for the next 10 years.

The unusually long-term agreement also lays the groundwork for Comcast subscribers to watch CBS content online through an authentication process sometimes called TV Everywhere. Rather than letting anyone watch television episodes online, media companies want to allow access only to those people who already pay for cable or satellite service. More…