By Tess Stynes
CBS Corp. (CBS, CBSA) reached a multiyear licensing agreement to
stream some shows from its television library on the Hulu Plus
subscription service, expanding the relationship between the media
company and the online television service.
Financial terms weren't disclosed. Under the agreement CBS shows
such as "Medium," "CSI: Miami", "I Love Lucy" and "The Twilight
Zone" will be available on Hulu Plus starting next year. Clips from
"Entertainment Tonight" will be provided the day of the broadcast
on Hulu and Hulu Plus.
CBS has reported stronger earnings for more than two years,
boosted in recent periods by licensing deals with online-media
companies and higher programming fees. CBS is heavily dependent on
advertising, but it has been diversifying into other revenue
streams.
Hulu's owners include, News Corp. (NWS, NWSA, NWS.AU), which
also owns The Wall Street Journal and this newswire.
Write to Tess Stynes at Tess.Stynes@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires