/// CBS, Time Warner Cable Scrap Coming Down to the Wire
With time running out on an emergency carriage deal extension, CBS Corp. CEO Les Moonves on Tuesday told employees that the network was in danger of going dark in a number of major Time Warner Cable markets. In a memo issued to CBS staffers earlier today, Moonves said that CBS owned-and-operated stations in New York (WCBS-2), Los Angeles (KCBS-2) and Dallas-Fort Worth (KTVT-11) could go off the air in Time Warner Cable homes within the next 40 hours. The premium cable network Showtime is also at risk of being dropped in the three markets. “ This dispute has escalated over the past few days , and there is a very real threat that Time Warner Cable is going to drop our stations (and possibly Showtime) [on] Thursday morning,” Moonves wrote. “As you can imagine, we don’t take this situation lightly.” The operator’s retransmission consent agreement with CBS originally had been set to expire on June 30, but both sides agreed on a 24-day extension. In order to comply with FCC regulations that prohibit signal interruptions during sweeps, that date was later pushed back to July 25. In his note to CBS employees, Moonves spelled out the fundamentals of the carriage beef, saying that TWC is not sufficiently compensating the network for its signal.