Sinclair and Verizon reach multi-year distribution agreement, no terms

Sinclair (SBGI) announced the company has reached a comprehensive multi-year distribution agreement with Verizon (VZ) for carriage on FiOS TV. The agreement covers local television stations in 10 markets, Tennis Channel and YES Network. Commenting on the agreement, Will Bell, Sinclair’s SVP and Head of Distribution and Network Relations stated, “We are pleased to have reached a renewal agreement with Verizon without any disruption in service to viewers, keeping our best-in class news, sports and entertainment content available on the platform for years to come.” Financial terms of the deal were not disclosed.