Time Warner Cable and CBS reach distribution deal

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Time WarnerLOS ANGELES — After a monthlong blackout, Time Warner Cable and CBS Corp. struck a distribution deal that returned the broadcast network’s programming to millions of frustrated subscribers in Los Angeles, New York and Dallas and Showtime to viewers in other Time Warner markets.

The agreement came after weeks of bitter negotiations and public posturing by the two companies. With the fall television season weeks away and the National Football League set to return later this week, both CBS and Time Warner Cable had incentives to get a new contract signed.

There was also increasing heat from local and national lawmakers and regulators. The Los Angeles City Council had scheduled a hearing for Tuesday to push both sides to come to an accord. The Federal Communications Commission also had urged the two sides to make peace.

“I am pleased CBS and Time Warner Cable have resolved their retransmission consent negotiations, which for too long have deprived millions of consumers of access to CBS programming,” said acting FCC Chairwoman Mignon Clyburn. “At the end of the day, media companies should accept shared responsibility for putting their audience’s interests above other interests and do all they can to avoid these kinds of disputes in the future.”

Although terms of the new distribution contract were not revealed, CBS Chief Executive Leslie Moonves said in an internal memo that the deal delivers to us “all the value and terms that we sought in these discussions.”

Read more at latimes.com

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