CBS may collect $1B in retransmission fees by 2016

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CBS Corp. (NYSE: CBS) expects that it will be able to generate $1 billion in retransmission-consent fees by 2016, Sanford C. Bernstein analyst Todd Juenger said in a research note.

The Eye Network will be able to hit the $1 billion mark by collecting $1.22 monthly per subscriber from cable and satellite TV providers that carry its owned-and-operated stations in their basic cable lineups, Juenger said. CBS affiliates will also contribute 50 percent of the retransmission-consent fees that they collect from local cable operators and satellite providers, Juenger noted.

CBS executives have said previously that they expected to be able to reach the $1 billion mark in retransmission-consent fees by 2017. CBS recently announced new retransmission deals with AT&T's (NYSE: T) U-verse TV and Cablevision (NYSE: CVC).

For more:
- The Los Angeles Times has this story

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