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DISH Network Inks Multi-Year Deal With CBS, Ends Blackout
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DISH Network Corp recently inked a multi-year program licensing deal with CBS Corp , after resolving a three-day blackout.
DISH Network’s customers were unable to view the Thanksgiving Day NFL matchup between Los Angeles Chargers and Dallas Cowboys, thanks to the blackout arising from a dispute over programming fees. The blackout affected 28 channels in 18 markets of 26 states, which are served by CBS-owned-and-operated stations.
The latest deal not only restores CBS’ local stations but also adds Showtime, CBS Sports Network, Pop, and Smithsonian Channel to the company’s satellite-TV service.
DISH Network claims that the short-term blackout has resulted in an extended deal. CBS is optimistic about its short-term and long-term economic and strategic targets pertaining to this deal.
The terms of the deal have been kept under wraps.
However, DISH Network failed to reach an agreement to bundle the CBS TV Network with its Internet TV service — Sling TV. It is expected that DISH Network will include Sling TV rights in its next program licensing deal with CBS.
Other Retransmission Conflicts
Conflict between TV broadcasters and pay-TV operators is not new in the United States. In October 2017, Verizon Communications Inc. (VZ - Free Report) dropped Univision Inc.’s Spanish language TV channels from its fiber-based FiOS TV network. Viacom and Charter Communications are still holding discussions to reach a negotiation. In November, The Walt Disney Co. (DIS - Free Report) and Altice USA jointly signed a new retransmission deal following a bitter dispute.
Price Performance
DISH Network's price performance has been disappointing in the past three months. The stock has lost 14% compared with the industry’s decline of 11%.
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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DISH Network Inks Multi-Year Deal With CBS, Ends Blackout
DISH Network Corp recently inked a multi-year program licensing deal with CBS Corp , after resolving a three-day blackout.
DISH Network’s customers were unable to view the Thanksgiving Day NFL matchup between Los Angeles Chargers and Dallas Cowboys, thanks to the blackout arising from a dispute over programming fees. The blackout affected 28 channels in 18 markets of 26 states, which are served by CBS-owned-and-operated stations.
The latest deal not only restores CBS’ local stations but also adds Showtime, CBS Sports Network, Pop, and Smithsonian Channel to the company’s satellite-TV service.
DISH Network claims that the short-term blackout has resulted in an extended deal. CBS is optimistic about its short-term and long-term economic and strategic targets pertaining to this deal.
The terms of the deal have been kept under wraps.
However, DISH Network failed to reach an agreement to bundle the CBS TV Network with its Internet TV service — Sling TV. It is expected that DISH Network will include Sling TV rights in its next program licensing deal with CBS.
Other Retransmission Conflicts
Conflict between TV broadcasters and pay-TV operators is not new in the United States. In October 2017, Verizon Communications Inc. (VZ - Free Report) dropped Univision Inc.’s Spanish language TV channels from its fiber-based FiOS TV network. Viacom and Charter Communications are still holding discussions to reach a negotiation. In November, The Walt Disney Co. (DIS - Free Report) and Altice USA jointly signed a new retransmission deal following a bitter dispute.
Price Performance
DISH Network's price performance has been disappointing in the past three months. The stock has lost 14% compared with the industry’s decline of 11%.
DISH Network currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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