FCC Works to Resolve Dispute Between CBS and Time Warner Cable (CBS, TWC)
The dispute occurred after cable-provider Time Warner Cable began blacking out CBS in major cities, including New York, LA, and Dallas, after the two companies failed to come to an agreement about payments to the broadcaster for its programming.
Considering the NFL season is right around the corner (with CBS games airing September 8th), the FCC will continue pressuring the two companies to come to an agreement.
Justin Cole, an agency spokesman with the FCC noted “The commission is engaged at the highest levels with the respective parties and working to bring the impasse to an end. We urge all parties to resolve this matter as quickly as possible so consumers can access the programming they rely on and are paying for.”
Both Time Warner Cable and CBS shares traded lower during Tuesday’s session, slipping 0.47% and 3.42%, respectively.
The Bottom Line
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability