CBS, Ten Network Propose Joint Venture

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published

CBS Studios
International and Australia's Ten Network have proposed creating a joint
venture, ElevenCo, to program a new, younger-targeted Australian TV
channel, Eleven, which will tap into the CBS
library.

Ten Network
Holdings will own two-thirds of the new venture and CBS one-third. CBS
will also extend a pre-existing output deal with Ten Network as part of
the proposed joint venture, which will need
approval from Australian regulators.

The new
channel will have access to 70,000 hours of CBS library product,
including Everybody Loves Raymond, Sex and the City, Frasier and JAG.
It will also feature
episodes of The Simpsons, Futurama, The Cleveland Show and 90210. The
channel is slated to launch in early 2011.

John Eggerton
John Eggerton

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.