NEW YORK, HC2 Holdings, Inc, a diversified holding company, announced today that its broadcasting subsidiary, HC2 Broadcasting Holdings Inc. (“HC2 Broadcasting”), has established a strategic distribution partnership with The Christian Broadcasting Network (“CBN”) for its launch of The CBN News Channel, the first 24-hour Christian television news channel.
Under the new distribution agreement, HC2 Broadcasting will initially broadcast the new CBN News Channel in 13 of HC2 Broadcasting’s 134 markets across the United States, including Los Angeles, Atlanta, Detroit and St. Louis. The distribution partnership provides CBN the ability to expand distribution to other markets across the country through HC2 Broadcasting’s nationwide, ‘yet to be branded’, over-the-air (“OTA”) network.
“HC2 Broadcasting is committed to revitalizing OTA content distribution and this new strategic partnership represents the first of many content arrangements that we believe will take advantage of the ‘plug and play’ nationwide network we are building,” said Philip Falcone, HC2’s Chairman, Chief Executive Officer and President. “As viewers look for more and more diverse, OTA video options, content providers can look to us as a ‘one stop shop’ for nationwide coverage.”