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
TheStreet Open House

Blackout Averted, Time Warner Cable and CBS Talk, Feud, Extend Deadline

Stock quotes in this article: CBS, TWC

NEW YORK ( TheStreet) -- Time Warner Cable (TWC) and CBS (CBS) agreed to extend talks for a new retransmission consent agreement yet again, this time until Friday at 5 p.m. EDT.

Time Warner Cable, the country's second-largest cable-TV provider, was on the verge of removing CBS programming from customers in New York, Los Angeles, Dallas and some smaller areas in other cities after all-day talks on Monday failed to produce an agreement.

In an e-mail statement sent by Time Warner spokeswoman Maureen Huff, the company said "the outrageous demands for fees by CBS Corp. have forced Time Warner Cable to remove several of its networks and broadcast stations from our customers' lineups."

But 29 minutes later, Huff sent yet another e-mail explaining that "at the request of CBS, we have halted going dark on their channels."

The deadline for an agreement has been repeatedly extended since June 30.

At issue are fees that Time Warner Cable must pay to CBS to carry programming in regions where the network owns local television stations. These so-called retransmission fees have been rising in recent years as programming costs have increased along with total viewers.

The talks are being closely watched by the television industry as whatever CBS is able to extract from Time Warner Cable is likely to become a starting point for similar negotiations between pay-TV providers and other programmers, including Time Warner (TWX) and Discovery Communications (DISCA).

Content providers have demonstrated in recent years that they have the upper hand in talks with distributors. After a similarly public and contentious war-of-words nearly three years ago, Cablevision Systems (CVC) gave in to demands from Fox Networks, a unit of the company now known as 21st Century Fox (FOXA) after a two-week blackout, punctuated by Cablevision viewers losing reception of the first two games of the 2010 World Series and a New York Giants football game.

Written by Leon Lazaroff in New York

>To contact the writer of this article, click here: LeonLazaroff.>.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs