real-time news and commentary for investors
Tuesday, Sep 3
CBS seen as victorious as it agrees new deal with Time Warner
- Time Warner Cable (TWC) has resumed broadcasting CBS (CBS) programming after the two companies agreed to a new deal on transmission fees following a month-long blackout.
- While the terms of the contract weren't disclosed, CBS reportedly won a big increase in tariffs, although below the $2 a month per subscriber it was seeking.
- The agreement excludes most "out-of-home" rights that allow viewers to watch shows on tablets and mobile phones.
- TWC had wanted the deal to include digital rights at no extra cost, while CBS wanted flexibility to negotiate licensing agreements with other players. CBS CEO Lesley Moonves said his company would "have the ability" to make money from its content "on all the new developing platforms that are right now transforming the way people watch television." (PR)