29 Nov Altice USA and Tribune Broadcasting Reach Multi-Year Retransmission Consent and Carriage Agreement
Comprehensive Contract Covers Television Stations and Cable Net WGN America
CHICAGO and NEW YORK CITY, Nov. 29, 2018—Tribune Broadcasting, a subsidiary of Tribune Media (NYSE: TRCO), and Altice USA (NYSE: ATUS) today announced that they have reached a comprehensive agreement on carriage and retransmission consent. The agreement enables Altice USA to continue carrying Tribune local televisions stations across the country and provides for carriage of Tribune’s cable entertainment network WGN America. Specific terms of the agreement were not disclosed.
Tribune Media Company (NYSE: TRCO) is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel. For more information please visit www.tribunemedia.com.
ALTICE USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands. For more information please visit www.alticeusa.com.
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