CBS and Time Warner Cable Has Reached A Deal
Time Warner Cable was missing CBS from their channel line-up for about a month. The two companies settled their differences and CBS was restored on Time Warner Cable yesterday. The traditional CBS channels were restored along with Showtime, The Smithsonian Channel, and the CBS Sports Network. Viewers in New York, L.A., and Dallas will also see Showtime Anytime video-on-demand. It is unknown what the terms were, but it likely weighed more on CBS’ favor based on the tone of the statements released by the companies.
“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 platforms that are right now transforming the way people watch television,” stated CBS CEO Les Moonves.
“While we certainly didn’t get everything we wanted, ultimately we ended up in a much better place than when we started,” stated Time Warner Cable chairman and CEO Glenn Britt. Britt also asked Congress and the FCC to reconsider retransmission consent rules if they wish to prevent future programming blackouts. Mignon L. Clyburn, the acting FCC chairwoman, said that she was pleased with the CBS-Time Warner deal, but does not believe that the government should be responsible for preventing blackouts, according to The Verge.
In the Time Warner Cable FAQ, a question was asked about whether they paid 600% more for CBS stations than other markets. This is what CBS started the negotiations with, but Time Warner said that they reached a deal that was significantly better than that.