Tuesday, September 3, 2013

CBS, Time Warner reach deal to end blackout

CBS, Time Warner reach deal to end blackout | Money - WLKY Home: "CBS, Time Warner reach deal to end blackout More than 3 million subscribers without service since Aug. 2

UPDATED  | WLKY Louisville 6:38 PM EDT Sep 02, 2013

CBS and Time Warner Cable reached an agreement Monday to end a blackout that's left more than 3 million subscribers without service for more than a month.

Scientists laid off due to budget cuts 11min Wall Street is asleep: Volume at 5-year... Microsoft to buy Nokia's phone business... Verizon pays $130 billion to buy out... Vodafone investors get $84 billion... Unlimited vacation? Some workplaces... Service was scheduled to resume at 6 p.m. ET Monday, according to a statement from Time Warner.

Specific terms were not disclosed.

The new deal involves CBS stations and Time Warner Cable systems in New York (WCBS and WLYW), Los Angeles (KCBS and KCAL) and Dallas (KTVT and KTXA), CBS News reported.

The dispute centered around how much the cable operator should pay to carry CBS programming in places where CBS owns local affiliates, including New York City, Los Angeles, Dallas, Boston, Chicago, Denver, Detroit and Pittsburgh.

It had been going on since July 23, when the threat of a blackout first emerged as the companies battled over transmission fees. And then, on Aug. 2, it happened: A dark curtain descended for three million Time Warner Cable viewers, making hit CBS shows such as 'Under the Dome,' 'NCIS' and 'The Big Bang Theory' unavailable.

CBS rejected a truce offer from Time Warner Cable on Aug. 5, and the dispute had dragged on until Monday."