Under The Dome. (Photo: CBS)
CBS Corp. confirmed Monday that it has reached a new retransmission agreement with Time Warner Cable, ending a month-long blackout of the network's shows at several key markets in the country.
CBS' programming will resume at 6:00 p.m., ET Monday. The companies didn't disclose specific terms of the deal.
Their retransmission contract - which spells out the amount of money that cable and satellite TV providers pay to CBS for the rights to carry its stations - expired at the end of June. But CBS was kept on the cable company's lineup as the companies kept delaying deadlines for a new deal.
But on Aug. 2, TWC, the nation's second largest cable TV provider, finally dropped the TV stations owned by CBS after they were unable to reach an agreement. As a result, more than 3 million TWC customers in eight markets, including New York City, Los Angeles and Dallas, have been unable to watch the nation's No. 1 prime-time network.
CBS has said it deserves to be paid more for its programming given its shows' popularity and wants to keep its flexibility in digital streaming rights. While the blackout lasted longer than anticipated, analysts said the urgency to strike a deal would grow as the NFL - whose games draw top ratings - launches its regular season Aug. 5.
The new agreement also includes broadcasting rights of the cable networks owned by CBS Corp., including Showtime Networks, CBS Sports Network and Smithsonian Channel.