Tuesday, September 3, 2013
CBS and Time Warner Cable end month-long blackout
Those who had CBS and Time Warner Cable reaching an agreement before the kick-off of the NFL season, collect your winnings: The deal is done, per an agreement just dispatched by both parties on Labor Day.
Says CBS’s statement, KTVT-Channel 11, KTXA-Channel 21 and Showtime reappeared on locals’ sets around 5 p.m. Dallas time on Monday.
Terms of the deal were not immediately disclosed.
In a memo sent to CBS employees, CBS CEO Les Moonves says the month-long blackout “was a far more protracted dispute than anyone at CBS anticipated, but in spite of the pain it caused to all of us, and most importantly the inconvenience to our viewers who were affected, it was an important one, and one worth pursuing to a satisfactory conclusion. That has been achieved. The final agreements with Time Warner Cable deliver to us all the value and terms that we sought in these discussions. We are receiving fair compensation for CBS content and we also have the ability to monetize our content going forward on all the new, developing platforms that are right now transforming the way people watch television.”
Time Warner Cable’s chairman and CEO Glen Britt said he too is “pleased” the battle with CBS in Dallas, New York and Los Angeles is over. And he thanks those customers who didn’t bail during the blackout.
“As in all of our negotiations, we wanted to hold down costs and retain our ability to deliver a great video experience for our customers,” he says in a prepared statement. “While we certainly didn’t get everything we wanted, ultimately we ended up in a much better place than when we started. We are also encouraged by the 50+ consumer organizations and legislators that supported our call for Congress and the FCC to reassess the 1992 retransmission consent rules. The rules are woefully out of date, are the primary reason cable bills are rising, and too frequently leave our customers without the programming they love. We sincerely hope that policymakers heed that call and take action to prevent these unfortunate blackouts soon.”