Aug. 2, 2013, 5:51 PM
- Time Warner Cable's (TWC) decision follows the failure of the cable provider and CBS to reach a deal on CBS' demand for higher retransmission fees by a 5PM ET deadline.
- The move affects 3M TWC subs, including many in the high-profile markets of New York and L.A.
- SNL Kagan estimates pay-TV providers will pay $3B in 2013 to re-transmit broadcasts that are available for free via over-the-air antennas. RBC estimates CBS receives $0.88/subscriber/month in retransmission fees.
- CBS statement, more on TWC/CBS
Aug. 2, 2013, 11:26 AM
- Once again CBS (CBS -0.6%) and Time Warner Cable (TWC -2.3%) are running up against a deadline (5:00 pm est) to work out a retransmission deal, but this time BTIG thinks the cable company needs to stand firm.
- After running past a deadline earlier this week, Time Warner Cable only pulled the plug on CBS in major markers for a few minutes before relenting.
- To avoid losing leverage for future deals, BTIG advises Time Warner to pick this battle to fight.
Aug. 2, 2013, 10:35 AM
Aug. 2, 2013, 8:32 AM
- Lines are being drawn in the Senate over Sen. John McCain's bill to force cable and satellite operators into serving up a la carte programming.
- Broadcast networks (DIS, FOXA, CMCSA, CBS, AMCX, TWX) and TV station operators oppose a la carte, while some cable/satellite operators (DTV, DISH, TWC) support it as they look at the bill as a way to lower carriage fees.
- Despite all the noise from both sides, the bill is given little chance of even moving to the House and President Obama hasn't even offered an opinion on the issue.
Aug. 1, 2013, 6:50 AM
Aug. 1, 2013, 6:06 AM
Jul. 30, 2013, 8:41 AM
- Time Warner Cable (TWC) and CBS (CBS) extend the deadline to work out a new deal until August 2, according to Bloomberg.
- Though CBS went dark for about 30 minutes in key markets late last night, Time Warner Cable was unwilling to pull the plug entirely. The closer that talks linger toward the planned debut of Showtime's Homeland and NFL football the trickier its gets for the cable operator to make good on its threat of removing CBS content.
- CBS +0.4% premarket.
Jul. 30, 2013, 6:44 AM
- Talks between CBS (CBS) and Time Warner Cable (TWC) broke down late in the night leading to CBS stations being pulled from cities such as New York and Los Angeles, but within the hour the cable giant reversed itself to halt the blackout.
- The companies say discussions are still ongoing.
- Some reports indicating CBS is still asking for a 25% hike in carriage fees.
Jul. 29, 2013, 5:17 PM| Jul. 29, 2013, 5:17 PM | Comment!
Jul. 29, 2013, 11:36 AM
- The clock is ticking in the dispute between CBS (CBS -2.1%) and Time Warner Cable (TWC -1.2%) with today's 5:00 PM EST deadline for a resolution looming before CBS goes dark in New York City.
- Analysts think the fight between the companies on carriage fees per subscriber is down to a few cents, but also speculate that CBS might be willing to go over the edge to gauge response to online initiatives.
- NYC mayoral candidates Christine Quinn is bringing up the topic on the campaign, asking the two sides to extend their deadline once again.
- Waiting in the wings if the talks go south: Aereo
Jul. 25, 2013, 6:03 PM
Jul. 25, 2013, 3:22 PM
Jul. 25, 2013, 1:39 PMAn interesting development in the squabble between CBS (CBS -0.4%) and Time Warner Cable (TWC -0.1%) over carriage fees is highlighted dramatically by BTIG in a video which details how New York TWC subscribers could sign up for Aereo and be streaming CBS content within two minutes. The Aereo option comes on top of the ability of consumers to watch some CBS shows online and with mobile apps. What to watch: Though last-minute wrangling between broadcasters and cable/satellite players is nothing new, the TWC-CBS battle appears to be a real test of wills between old media and new media. If Time Warner Cable doesn't blink, CBS risks losing prime channel real estate in key markets. | Jul. 25, 2013, 1:39 PM | Comment!
Jul. 25, 2013, 6:57 AMCBS (CBS) and Time Warner Cable (TWC) extend a contract deadline again in their bitter negotiations over carriage fees. Though the cable provider says CBS is demanding fees far above current market rates, with NFL football around the corner, it's seen as likely to avoid pushing the confrontation to a blackout for programming in key markets such as New York, Los Angeles, and Dallas. The new agreement pushes the deadline for talks to be completed until next Monday. | Jul. 25, 2013, 6:57 AM | Comment!
Jul. 24, 2013, 4:59 PMHulu's owners (DIS, CMCSA, FOXA) have called off talks to sell a 25% stake to Time Warner Cable (TWC) after failing to agree on price, Reuters reports. The news service adds talks could resume, but none are currently planned. The report comes less than 2 weeks after Hulu's owners announced they aren't selling the company, and will provide it with a $750M cash infusion to buy more content (much of it coming from the owners themselves). | Jul. 24, 2013, 4:59 PM | Comment!
Jul. 23, 2013, 2:32 PMCBS has extended a deadline to reach a deal with Time Warner Cable (TWC) over the companies' retransmission fee dispute to Thursday. "We have offered Time Warner Cable a short-term extension as we continue to negotiate, but to date they have refused," says CBS CEO Les Moonves in a memo. If history is any guide, a resolution will be reached in which CBS will receive higher fees, and consumers will end up footing the bill. That is, provided a consumer doesn't choose to cut the cord in response. CBS says it's on track to obtain $1B/year in retransmission fees by 2017. | Jul. 23, 2013, 2:32 PM | 1 Comment
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Time Warner Cable Inc provides video, high-speed data and voice services. The Company also offers security and home management services, networking and transport services and enterprise-class, cloud-enabled hosting, managed applications and services.
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