CBS Returns to Time Warner Cable

Via: NY Daily News

The signal is back on for CBS.

A contractual dispute between Time Warner Cable and WCBS/Ch. 2 that led to a blackout for the nation’s most-watched network in New York, Los Angeles, Dallas and five other cities has been resolved.

Programming on all networks resumed yesterday at 6 p.m., according to a press release issued by the two companies.

CBS Corporation head Les Moonves said in a memo to employees that the month-long clash with the cable giant lasted longer than he had expected – but the important fact is that it’s been fixed.

“This was a far more protracted dispute than anyone at CBS anticipated, but in spite of the pain it caused to all of us, and most importantly the inconvenience to our viewers who were affected, it was an important one,” Moonves wrote, “And one worth pursuing to a satisfactory conclusion.”

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At the heart of the quarrel were retransmission fees, money cable companies have to pay to broadcasters.

Though details of the deal were not released, Moonves seemed pleased by the outcome.

“We are receiving fair compensation for CBS content and we also have the ability to monetize our content going forward on all the new, developing playforms that are right now transforming the way people watch television.”

He continued, “All other disruptions to our viewers will cease, and things will go back to normal, with a new and beneficial agreement in place.”

CBS-owned stations that will be aired include Showtime Networks, CBS Sports Network and Smithsonian Channel.

Both sides tried to save face as Time Warner Chairman and CEO Glenn Britt said efforts made to reign in rising fees were reached with limited success.

“While we certainly didn’t get everything we wanted, ultimately we ended up in a much better place than when we started,” he said in a statement.

As in all of our negotiations, we wanted to hold down costs and retasin our ability to deliver a great video experience for our customers.”

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Source: NYDailyNews