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NBC COMPLETES RETRANSMISSION CONSENT DEAL WITH CONTINENTAL CABLEVISION

 WASHINGTON, Sept. 16 /PRNewswire/ -- National Broadcasting Company, Inc. announced today that it has reached an agreement with Continental Cablevision, Inc., granting the country's third largest cable operator the right to continue carrying the signals of NBC owned television stations.
 Under the multi-year agreement, Continental has agreed to renew and extend its carriage of CNBC, NBC's business and talk cable channel, and has agreed to distribute "America's Talking," a new cable programming service to be produced by NBC, with a national roll-out. "America's Talking" will feature talk and information about news events and other topical issues, and will include live and taped coverage to enhance the talk format. The agreement provides NBC's affiliated stations with the opportunity to negotiate with the local cable system to provide local inserts into "America's Talking," creating a basis on which they can reach their own retransmission consent agreements. NBC also receives license fees for "America's Talking" after launch. The precise financial terms were not disclosed.
 NBC's President and Chief Executive Officer, Bob Wright said, "I am particularly pleased that we reached an agreement with Continental because they have taken such a leadership role with the cable industry on the issue of retransmission consent."
 Continental owns systems serving over three million subscribers nationwide, and over 750,000 subscribers in the NBC television station markets of New York, Los Angeles, Chicago and Miami. The agreement was reached pursuant to the "retransmission consent" provision of the Cable Act of 1992.
 NBC already has retransmission consent deals with ten other cable operators, including Time Warner, the second largest U.S. cable operator, Adelphia Communications, Corp., Booth American, Co., Columbia International, Inc., Jones Intercable, Inc., Post-Newsweek, Sammons Communications, Inc., Simmons Communications, Inc., Times Mirror Cable Television, Inc. and Triax Communication, Corp.
 -0- 9/16/93
 /CONTACT: Judy Smith of NBC, 212-664-7142, or Henry James of Continental Cablevision, 617-742-9500/


CO: National Broadcasting Company, Inc.; Continental Cablevision, Inc. ST: District of Columbia IN: ENT SU: LIC

LD -- NY086 -- 2903 09/16/93 19:04 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
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