Following last week’s announcement that Opie & Anthony have renewed their contract with CBS, Orbitcast has learned that the length of time for the renewal was for only 1-year.
Gregg “Opie” Hughes on the air today inadvertently mentioned that the contract was renewed for a year, a statement that was also confirmed with Orbitcast sources.
The reason? Why else: because of the pending merger with Sirius.
The merger agreement allows either company to only make certain long-term contractual agreements without the need for the other company’s Board approval, and programming agreements are not one of them, according to sources.
It’s a safe assumption that CBS and Opie & Anthony wanted a longer term, but that likely won’t be possible while this merger is still pending. After the merger is consummated, then any contractual agreements can be revisited, but we need to cross that bridge first.
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