Friday, November 21, 2014

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CBS Rejects Latest Time Warner Cable Proposals Over Programming Fees

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TWC News: CBS Rejects Latest Time Warner Cable Proposals Over Programming Fees
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With no new talks scheduled, Time Warner Cable and CBS are dialing up their dispute through other channels.

Time Warner Cable pulled CBS programming Friday evening — replacing it over the weekend with the Starz Kids and Family Channel after the two media giants could not agree on carriage fees.

CBS issued a press release Monday morning contending its ratings have not been hurt by the blackout, which is in effect in 52 markets, including New York, Los Angeles and Dallas.

Meanwhile, Time Warner Cable Chairman and CEO Glenn Britt issued a letter to CBS President Les Moonves, offering to put CBS back on TV immediately under terms of the old contract and what Britt called the new economics — payment rates that CBS did not want to agree to on Friday.

As an alternative, Britt said he would lift the blackout if CBS agreed to a la carte pricing —basically allowing CBS to find out just how much customers would be willing to pay CBS for its programming.

CBS responded by calling the proposals a sham and an empty gesture.

Time Warner Cable is the parent company of NY1.

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