Sinclair, Time Warner Cable Extend Deadline

NEW YORK (TheStreet) --Sinclair Broadcast Group (SBGI) has extended a contract deadline with Time Warner Cable (TWC) and Bright House Networks for two weeks.

Without the extension, Sinclair would have stopped making available 33 of its TV stations to Time Warner and Bright House after midnight Friday.

The extension will allow the companies to continue to negotiate how much Time Warner and Bright House should pay to carry Sinclair's local TV stations. Talks had fallen apart earlier this week.

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If Sinclair had pulled its stations, it would have affected about 4 million Time Warner customers and an unknown number of Bright House customers, according to the Associated Press.

Although viewers would have lost local programming from the Sinclair stations, they probably would have continued to have access to major network programming, the AP noted.

Shares of Sinclair Broadcast gained 5 cents to close at $8.18 Friday. Time Warner closed the session down 8 cents at $66.03.

This article was written by a staff member of TheStreet.

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