While there was little doubt that CBS on Sept. 2 walked away the victor in its month-long feud with Time Warner Cable, it wasn’t until this morning that the cost to the operator could be tallied. Quite a heap of cash, as it turns out.
With less than a week to go before the start of the 2013 NFL season, CBS and Time Warner Cable have finally come to terms on a new carriage agreement.
CBS made a point of announcing this morning that it had signed a three-year deal with Verizon for distribution over its FiOS TV service, which closed out the second quarter with 5.04 million subscribers.
During earnings calls among the major networks last week, there was a consistent refrain: a la carte may be in the news, but it's not on the horizon. Most CEOs simply took questions about a la carte the same way they take all dumb questions: as invitations to discuss their networks' innate superiority to the competition.
Scripps Networks Interactive CFO Joe NeCastro said today that the company was in no hurry to buy the remaining stake in Food Network still owned by Tribune on the company's second-quarter earnings call. "We're not gonna do anything overly aggressive to overpay for that network," he told investors.
While the four-day blackout of the CBS signal in select Time Warner Cable markets thus far has had a negligible impact on prime-time ratings, the broadcaster did see some shrinkage in deliveries of its new summertime hit.
The rumors have been flying around since last winter, but Time Warner Cable on Thursday finally made it official, announcing that chairman and CEO Glenn Britt would retire when his contract expires at the end of the year.
Time Warner Cable chairman and CEO Glenn Britt on Thursday told investors that the operator’s RSN strategy is designed to minimize costs in the long haul.