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Time Warner Cable president and CEO Glenn Britt on Monday cited retransmission deals with broadcasters as a key factor of cost pressures for cable operators beyond sports content and said his company may suggest the new Congress review regulation on the issue.
Already-pressured broadcast TV groups are now also facing a weak economy, which has dragged down local advertising spending, he told a UBS investor conference here.
“They don’t have anywhere to go, so they make pretty big demands,” Britt said.
He added that TWC may take up the issue with lawmakers as the current retrans regulations may not make sense anymore.
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