Moonves Sees 'Hundreds of Millions' Coming From Cable, Satellite Fees
by Claire Atkinson -- Broadcasting & Cable -- Multichannel News, 11/6/2009 9:21:38 AM
Retransmission fees in 2010 are expected to nearly double what they were in 2009 based on contracts already in place, according to CBS Corp. CEO Leslie Moonves, sounding more bullish than he's been in some time on a third quarter earnings call with analysts.
The company has already signed retransmission deals with Verizon, Dish, Time Warner Cable and Cablevision. "We see it contributing hundreds of millions of dollars," Moonves said on an earnings call, adding that broadcast networks are evolving into one with a dual revenue stream and that the TV Everywhere initiative could potentially create a third.
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The Association of Cable Communicators headed
west from Washington, D.C., to Denver as its 2009 Forum and Beacon Awards ceremony became
part of Cable Connections-Fall festivities.
HBO Sports senior vice president Mark Taffet discusses the PPV performance prospects for the Sept. 19 Floyd Mayweather Jr.-Juan Manuel Marquez boxing event as well as the network's PPV fight schedule for the rest of the year during a recent interview with Multichannel News.
