What is "syndication"?

Excuse my ignorance, but when you talk about "syndication" episodes, what do you mean?

In article , [email] (Patrick Cossette) writes:

after an episode has 100 or so episodes filmed... other stations buy the rights to them (i.e. reruns ) and they run in whats called Syndication.

Just Me, Lisa

 [email]
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[email] (Patrick Cossette) wrote:

Well, its like this.. NBC sold lets say the first 3 seasons too a television network (over here its CBS) Then that network shows those shows..Thats Syndication..

That's not how it works, Ben. Upon amassing enough shows to strip (run five or six times a week), the production company, in Seinfeld's case Castle Rock, sells the episodes to the highest bidder in each of the 211 television markets.

NBC has absolutely nothing to do with it. They simply pay a license fee to Castle Rock to, in effect, rent the new episodes a season at a time. Their involvement ends there.

If I remember correctly, Seinfeld initially ended up getting about $1 million per episode in total.

[email] wrote:

I just giving a basic idea of how it works..not exactly how Seinfeld is syndicated.