- 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).
at Zacks.com (Nov 17, 2014)