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TBS to keep Seinfeld until 2011
Looks like TBS will not let Seinfeld go in 2006 like planned:
TBS Superstation has signed on for five more years of "Seinfeld," keeping the syndicated hit on the network through 2011.
TBS will pay a whopping $800,000 per episode for "Seinfeld," according to sources close to the deal. That makes it the most expensive cable off-network deal since TBS first bought "Seinfeld" for a record $1 million per episode in 1998.
The steep price tag -- exceeding what many cable networks pay for an hourlong drama -- speaks to the staying power of the classic NBC sitcom. After a slow start in October, "Seinfeld" has emerged as a solid performer for TBS' "Non-Stop Comedy Block," a 4:30-8 p.m. package that includes "Friends" and "Home Improvement."
The deal was announced Tuesday at the upfront presentation for TBS and TNT, which are both owned by AOL Time Warner.
TBS to keep Seinfeld until 2011
