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Mediacom Communications Renews Carriage Agreement with Paramount Global
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Rhea-AI Summary
Mediacom Communications has renewed its carriage agreement with Paramount Global (NASDAQ: PARA, PARAA). This agreement ensures continued access to Paramount's extensive portfolio, including networks like CBS, BET, and SHOWTIME® OTT. Italia Commisso Weinand, Mediacom's Executive VP, expressed satisfaction with the ongoing partnership. Financial terms were not disclosed, indicating a possible focus on long-term collaboration over immediate financial impacts.
Positive
Renewed carriage agreement with Paramount Global indicates a strong ongoing partnership.
Access to a diverse portfolio of broadcast, entertainment, and sports networks enhances Mediacom's service offerings.
Negative
None.
MEDIACOM PARK, N.Y.--(BUSINESS WIRE)--
Mediacom Communications announced today it has renewed its carriage agreement with Paramount Global (NASDAQ: PARA, PARAA). The deal features renewed carriage of Paramount’s portfolio of broadcast, entertainment, news, and sports networks – including BET, CBS Sports Network, CMT, Comedy Central, MTV, Nickelodeon, Paramount Network, Pop TV, Smithsonian Channel, and others – as well as rights to SHOWTIME® OTT. The agreement also includes retransmission consent rights to CBS broadcast stations owned and operated by Paramount.
“We are pleased to announce our continued partnership with Paramount,” said Italia Commisso Weinand, Executive Vice President, Programming & Human Resources, Mediacom Communications. “Thank you to the Paramount and Mediacom teams for their hard work and commitment to our relationship.”
Financial terms of the agreements were not disclosed.
About Mediacom Communications
Mediacom Communications Corporation is the 5th largest cable operator in the United States and the leading gigabit broadband provider to smaller markets primarily in the Midwest and Southeast. Through its fiber-rich network, Mediacom provides high-speed data, video and phone services to 1.5 million households and businesses across 22 states. The company delivers scalable broadband solutions to commercial and public-sector customers of all sizes through Mediacom Business, and sells advertising and production services under the OnMedia brand. More information about Mediacom is available at www.mediacomcable.com.
Media Relations
Thomas Larsen Senior Vice President,
Legal and Public Affairs
(845) 443-2754
Source: Mediacom Communications
FAQ
What networks are included in the Mediacom and Paramount Global agreement?
The agreement includes networks such as CBS, BET, CMT, Comedy Central, MTV, Nickelodeon, Paramount Network, Pop TV, Smithsonian Channel, and rights to SHOWTIME® OTT.
When was the carriage agreement between Mediacom and Paramount Global announced?
The carriage agreement was announced on June 29, 2022.
What is the significance of the Mediacom and Paramount Global agreement for investors?
The agreement suggests a stable partnership that may enhance Mediacom's service offerings, potentially impacting customer retention and satisfaction.
What stock symbols represent Paramount Global?
Paramount Global is represented by the stock symbols PARA and PARAA.
