VIACA - ViacomCBS seals new distribution deal with Cox systems

ViacomCBS (VIAC, VIACA) has new multiyear distribution deals with Cox Communications, ensuring some peaceful retransmission of its content there for a while. Financial terms weren't disclosed. Privately held Cox runs the country's third-largest cable system, behind Comcast and Charter at about 3.65M subscribers. The deal covers carriage of the ViacomCBS portfolio of networks including BET, CBS Sports Network, CMT, Comedy Central, Logo, MTV, Nickelodeon, Paramount Network, Pop TV, Showtime, Smithsonian Channel, Telefe, TV Land and VH1. It also allows for retransmission consent for CBS broadcast stations in Los Angeles. And it offers expanded access to ViacomCBS streaming services, including Paramount Plus, Showtime OTT and Pluto TV. VIAC is down 6.1% today on heavy volume, in apparent sympathy with some disappointing streaming growth at Discovery; shares traded are at 16.38M, just short of the usual full-day average of 16.99M.

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ViacomCBS seals new distribution deal with Cox systems