After bargaining through the night, officials from CBS and Time Warner Cable announced Tuesday morning that they have agreed to continue their carriage fee negotiations through Friday in the hope of avoiding a service blackout of CBS programming in New York and other major cities.
The two had originally set a deadline of 5 p.m. Monday to come to an agreement, but they extended the deadline by three three hours until 8 p.m., then subsequently pushed it hour by hour through midnight, at which point the two sides continued to negotiate overnight.
With an agreement still lacking at 5 a.m., officials announced that they had pushed back the deadline until Friday at 5 p.m. in the hope of avoiding a CBS blackout.
If a carriage deal cannot be reached by then, Time Warner Cable has threatened to pull CBS programming off its system in major cities including New York, Los Angeles and Dallas.
At issue continues to be the cost of CBS programming.
Time Warner Cable claims the network is demanding a 600 percent increase over the rate it is currently paying for other CBS stations.
CBS maintains it's getting a smaller share of what Time Warner Cable pays other networks for their programming.
In addition to CBS, a blackout would also affect Showtime and TMC in the affected markets.
Time Warner Cable is the parent company of NY1.