BETHPAGE, N.Y., Aug. 17, 2012 /PRNewswire/ -- Cablevision Systems Corp., (NYSE: CVC) today released the following statement related to the blackout of WPIX and other Tribune Company-owned stations on Cablevision:
"The bankrupt Tribune Company and the hedge funds and banks that own it, including Oaktree Capital Management, Angelo Gordon & Co. and others are trying to solve Tribune's financial problems on the backs of Cablevision customers. Tribune and their hedge fund owners are demanding tens of millions in new fees for WPIX and other stations they own. They should stop their anti-consumer demands and work productively to reach an agreement."
WPIX and a number of other Tribune-owned stations carried in portions of Cablevision's service area have been blacked out. The other stations are: WCCT (CW), carried in a small portion of Connecticut; KWGN (CW) carried in some Optimum West markets, and WPHL (MyNetwork), which had been available in a small portion of New Jersey.
Customers will be kept informed and can visit www.cablevision.com/tribune for additional information.About Cablevision Cablevision Systems Corporation is one of the nation's leading media and telecommunications companies. In addition to delivering its Optimum-branded cable, Internet, and voice offerings throughout the New York area, the company owns and operates cable systems serving homes in four Western states. Cablevision's local media properties include News 12 Networks, MSG Varsity and Newsday Media Group. Cablevision also owns and operates Clearview Cinemas. Additional information about Cablevision is available on the Web at www.cablevision.com. SOURCE Cablevision Systems Corp.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV