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CBS, Yahoo! Sign News Pact

10/16/06 - 10:52 AM EDT

TSC Staff

CBS (CBS - Cramer's Take - Stockpickr) signed a syndication agreement that will make local news video from 16 of the stations it owns available on Yahoo! (YHOO - Cramer's Take - Stockpickr).

The two sides said the arrangement is the first video agreement between a network-owned television station group and an Internet news provider. Yahoo! News users will have access to 10 to 20 local news video stories a day, from each of the 16 markets. The videos will include breaking news and other locally focused reports.

Yahoo! will highlight the local video to users who select a city or zip code within a CBS-owned station market. Among the markets covered are New York, Los Angeles, Chicago, Philadelphia, San Francisco and Boston.


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