real-time news and commentary for investors
Wednesday, Aug 28
FCC plays the peacemaker in CBS-TWC dispute
- The Federal Communications Commission is working to resolve the fee dispute between CBS (CBS) and Time Warner Cable (TWC) that's prevented 3M of the latter's customers from receiving CBS programming since August 2.
- The FCC is trying to play the peacemaker despite acting chairwoman Mignon Clyburn saying that the agency doesn't have the power to intervene.
- The sides basically have until September 8 to reach a deal, when CBS is due to broadcast its first NFL game of the season.