This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cablevision-Fox Battle: Customers File Suit

NEW YORK. ( TheStreet) -- Cablevision (CVC - Get Report) and Fox's retransmission battle is heating up.

A group of Cablevision customers in New York filed a class action lawsuit against Cablevision in federal court on Thursday. The plaintiffs want the cable company to pay damages for not discounting their bills during the retransmission standoff, and for depriving them of Fox programming, such as Fox News, Glee, House, The Simpsons, New York Giants football, the major league baseball playoffs and the World Series.

Cablevision has been without News Corporation's (NWSA - Get Report) Fox programming since their agreement expired on Oct. 15.

In the Gallo v. Cablevision Systems suit, the plaintiffs are asking for about $450 million in damages, which is about how much one month's cable bill for three million subscribers would be.

"News Corp. is the company that deserves a lawsuit, for blacking out the World Series in three million New York-area homes," Cablevision told the Hollywood Reporter in response to being hit with the lawsuit. "The Federal Communications Commission has all the facts and our customers are demanding that the FCC act to end the Fox blackout."

On Wednesday Fox rejected Cablevision's offer to pay the same rate that Fox charges Time Warner Cable (TWC - Get Report) to carry Fox 5 in New York and Fox 29 in Philadelphia for one year.

Cablevision made the offer in an effort to bring the battle between the two companies to an end prior to the first game of the World Series, which started Wednesday evening.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CVC $32.43 0.00%
NWSA $10.75 0.00%
TWC $184.99 0.00%
AAPL $93.99 0.00%
FB $102.01 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs