This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

What about Milwaukee? Time Warner Cable's Other Blackout Enters 6th Week

Stocks in this article: JRN TWC FOXA DIS CMCSA

NEW YORK ( TheStreet) - Enough with New York and Los Angeles. What about Milwaukee?

Time Warner Cable (TWC) has sufficiently resolved its differences with CBS (CBS) but the same can't be said for Milwaukee-based Journal Communications.

Time Warner Cable subscribers in Milwaukee, Green Bay, and Palm Springs, Calif., where Journal Communications owns the local NBC affiliate, haven't had access to that station for six weeks. The same goes for a Journal-owned CBS affiliate in Omaha.

Already, three Green Bay Packers preseason games, normally carried by Journal Communications' NBC station, have been blacked-out to Time Warner Cable subscribers in Milwaukee and Green Bay, and tonight's Denver Broncos-Baltimore Ravens game, a rematch of last year's divisional playoff, could be the next victim.

Journal Communications investors have been hurt in the process. Shares of the company, which also publishes the Milwaukee Journal Sentinel and owns network-affiliated TV stations in Tucson, Las Vegas, Fort Myers, Florida and Lansing, Michigan, have lost 22% since the blackout began on July 25. By comparison, the S&P 500 has dropped 2.1% during that same period. Journal Communications fell 1.4% on Thursday to $7.24.

At the center of the fight are many of the same issues that pushed Time Warner Cable and CBS into a four-week blackout: fees the cable-TV provider must pay television-station owners, and digital rights, the freedom the cable-TV provider has to repackage that programming for on-demand services.

Time Warner Cable's decision to go to battle against two station-owner groups - CBS and Journal Communications - underscores its unhappiness, or better said, complete frustration with the 1992 Cable Television Protection and Competition Act. That law requires cable-TV and satellite operators to pay broadcasters before carrying their programming.

To illustrate this frustration, Time Warner Cable spokesman Jon Herrera pointed to the retro-designed Web site of his industry's American Television Alliance, which exclaims in bold lettering that "This Site Is Just Like Our TV Rules STUCK IN THE '90S." And then, in a nod to Nirvana, adds the banner "Smells Like Outdated: 1992 rules are stinking up the video industry."

1 of 3

Select the service that is right for you!

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 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • 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