/// Time Warner Cable and Hearst Reach a Deal

July 20, 2012  |  Media Week

Hearst and Time Warner Cable have reached an agreement regarding the 16 stations in 14 markets blacked out of TWC's cable package as the two companies tried to come to an agreement over a fair price to retransmit those stations' signals. Retrans has been a thorny issue in recent years as carriage agreements come up for renewal after major changes in the marketplace, such as a plethora of over-the-top content providers like Netflix and Hulu, along with the nationwide changeover from analog broadcast signals to digital, which renders broadcast TV unwatchable in many urban areas. This particular carriage spat has had one important wrinkle: when the previous agreement expired, TWC replaced Hearst's signals with repurposed signals from Nexstar stations in several markets where TWC believed its license with Nexstar allowed it to do so. Nexstar disagreed and filed a lawsuit against the cable operator on Monday. There's no word as of yet on the current status of the suit—part of the suit was a restraining order, which no longer applies, but the aggreived station owner is also seeking damages. Hearst issued a statement on Thursday evening calling the end of the dispute a victory for localism. “We


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