FCC Works to Resolve Dispute Between CBS and Time Warner Cable (CBS, TWC)

FCC Works to Resolve Dispute Between CBS and Time Warner Cable (CBS, TWC)

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In an emailed statement on Tuesday, the U.S. Federal Communications Commission said it is working on resolving a fee dispute between CBS Corporation (CBS) and Time Warner Cable (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

Shares of Time Warner Cable (TWC) currently yield 2.41% based on Tuesday’s closing price of $107.69. CBS Corporation (CBS) shares yield 0.98% based on Tuesday’s closing price of $51.16.

Time Warner Cable (TWC) and CBS Corporation (CBS) are not recommended at this time, holding Dividend.com DARS™ Ratings of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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