Thursday, October 23, 2014

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Time Warner Cable, CBS Reach Agreement To End Network Blackout

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TWC News: Time Warner Cable, CBS Reach Agreement To End Network Blackout
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CBS and Time Warner Cable have finally reached a deal, bringing back CBS and Showtime networks to the Time Warner lineup after a month-long blackout.

Some programming began to be restored around 5 p.m. Monday evening in New York, Los Angeles and Dallas, one month to the day that negotiations broke down between the two sides over carriage rights.

The blackout of CBS-owned stations has been in place since August 2 for three million Time Warner Cable subscribers in New York and 51 other markets across the United States.

Originally, Time Warner said CBS was asking for a 600 percent jump in the fees it charges to carry its programming.

CBS said that 600 percent number was fictional.

Blacked out channels to return to the Time Warner Cable line up include Showtime, TMC, Flix, Smithsonian, CBS Sports and CBS broadcast stations throughout the country.

The specifics of Monday's deal are not being made public, but both networks say they are satisfied.

In a statement, Time Warner Cable President and CEO Glenn Britt said in part, "...we wanted to hold down costs and retain our ability to deliver a great video experience for our customers. While we certainly didn’t get everything we wanted, ultimately we ended up in a much better place than when we started."

CBS president and CEO Leslie Moonves said, "The final agreements with Time Warner Cable deliver to us all the value and terms that we sought in these discussions."

Time Warner Cable is the parent company of NY1.

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