- The implications of the Time Warner Cable (TWC -1.7%) and CBS (CBS +0.2%) fight over retransmission fees will be significant for the entire industry, particularly if Congress rewrites legislation covering the topic.
- Though a band-aid fix could happen at any time, BTIG Research thinks regulators and legislators will lean toward the position of the cable/satellite industry to determine that current laws weren't intended to fund NFL rights acquisitions and primetime network programming, but to ensure the flow of news and information over the airwaves.
- The back-to-the-basics position, if it comes off, could benefit Dish Network (DISH), DirecTV (DTV), Cox Communications, Charter Communications (CHTR), and Cablevision (CVC) in future negoiations - while cutting into the potential for broadcasters (DIS, FOXA, CMCSA, AMCX, VIAB, DISCA, SNI).
If Congress jump into CBS-TWC fight, seismic changes could occur
Aug 12 2013, 14:58 ET