TV Contract Disputes Heat Up
Welcome to a very brief summary of today's cable news headlines:
Year-end contract disputes and threats of channel drops are generating lots of negative headlines for programmers and distributors. Feuding couples include Dish Network LLC (Nasdaq: DISH) and E!/Style ; DirecTV Group Inc. (NYSE: DTV) and The Golf Channel; Suddenlink Communications and Viacom Inc. (NYSE: VIA); and Time Warner Cable Inc. (NYSE: TWC) and Sinclair Broadcast Group. (See The New Deal .)
DirecTV cut a last-minute retransmission consent deal with Hearst Corp. while Insight Communications Co. Inc. came to terms with Raycom.
IMAX stock was up today on buzz that Sony Corp. (NYSE: SNE) will buy the movie operator.
(See CTAM Summit: 3DTV Is Poised to Pop.)
Time Warner Cable is taking heat from Larry Flynt Publishing for refusing to turn over names of customers who shared This Ain’t Avatar XXX.
Oprah Winfrey Network launches Saturday, serving “heart and mind food” to 85 million homes.
— Steve Donohue, Special to Light Reading Cable