- DirecTV (DTV) stopped carrying The Weather Channel last night following a dispute over fees, with the satellite TV provider reportedly wanting a reduction of over 20% and the channel demanding a rise of 1 cent per monthly subscriber.
- DirecTV believes that with more people accessing weather information via their phones and the Internet, the value of TV services is decreasing. The Weather Channel obviously begs to differ.
- Last month, DirecTV "quietly" started distributing a small network called WeatherNation ahead the expiration of the carriage deal with The Weather Channel.
- The latter's shareholders include Comcast's (CMCSA) NBCUniversal and Blackstone Group (BX).
From other sites
at Investopedia (Apr 10, 2015)
at Zacks.com (Apr 9, 2015)
at CNBC.com (Apr 8, 2015)
at WhoTrades.com (Mar 12, 2015)
at Investor's Business Daily (Feb 19, 2015)
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