TV Networks, Local Stations Do Battle Over Cable Fees
Monday, December 14, 2009
The nation's biggest broadcast-TV networks are fighting with local TV stations for a share of viewers' monthly cable bills, with each side claiming the cash is crucial to its survival.
CBS Corp., Fox owner News Corp. and ABC owner Walt Disney Co. are asking independently owned TV stations that carry their programming for a cut of the payments the stations get from cable, satellite and telecommunications companies, according to people familiar with the discussions. In some cases, networks want half or more of the compensation their affiliated stations receive.
Read entire article >>>