What's Happening at CNN

Source: Hollywood Reporter TBS is keeping "Everybody Loves Raymond" in the family for the next 11 years, paying $650,000 per episode for cable rerun rights to all nine seasons of CBS' Emmy-winning sitcom, sources said.

The pact is believed to be the richest off-network sitcom purchase by a basic cable outlet since TBS ponied up nearly $1 million an episode in 1998 for "Seinfeld" rerun rights.

TBS confirmed Wednesday that it has extended its long-term deal with distributor King World Prods. for the first eight seasons of "Raymond," starring Ray Romano. The new pact also extends TBS' license to cover episodes from the show's ninth and final season. Sources said the deal for runs through 2016.

TBS, like CNN, is a division of Time Warner.

# posted by ATN @ 10:49 PM