/// CBS, Time Warner End Carriage Standoff
With less than a week to go before the start of the 2013 NFL season , CBS and Time Warner Cable have finally come to terms on a new carriage agreement. One month to the day after the CBS signal was pulled in Time Warner Cable’s New York, Los Angeles and Dallas markets, the two sides on Monday reached a new deal that should find the nation’s No. 1 network up and running in all affected areas before nightfall. (WCBS-2 in New York came back online at around 6 p.m. EDT.) Along with the broadcast feed, the premium network Showtime is also back in business in all Time Warner Cable households. Terms of the new pact were not disclosed, although CBS Corp. CEO Les Moonves suggested that the deal points worked in the network’s favor. “This 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,” Moonves wrote in a memo to CBS employees that was released this afternoon. “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.” In other words, CBS appears to have secured a retransmission consent fee of $2.00 per subscriber per month, up from an estimated $0.85, while ensuring greater control over digital dissemination of its content. For its part, TWC acknowledged that it saw mixed results.
See the rest here:
CBS, Time Warner End Carriage Standoff