×

Updated: CBS, Time Warner Cable Push Contract Deadline to Midnight Eastern

CBS and Time Warner Cable have extended the deadline to reach a new distribution deal for the Eye’s 13 owned-and-operated stations and cablers including Showtime by three hours, until 8 p.m. Eastern Monday — a sign that the two sides may be close to resolving the dispute.

UPDATE (8:05 p.m. ET): TW Cable said it agreed to an extension until 9 p.m., while CBS said the companies “extended their current deal again into the evening while the companies continue to negotiate.”

UPDATE #2 (9:03 p.m. ET): Time Warner Cable said it agreed to an extension until 10 p.m.

UPDATE #3 (9:54 p.m. ET): The talks have been extended through 11 p.m., according to TWC.

UPDATE #4 (10:55 p.m. ET): Now the deadline is midnight Eastern.

The two sides are locked in a dispute over how much Time Warner Cable will pay CBS for retransmission rights to the Eye’s owned-and-operated stations, including WCBS in New York, KCBS in Los Angeles and KTVT in Dallas.

Also affected in the CBS-Time Warner Cable dispute are carriage of CBS cable channels including Showtime Networks and Smithsonian Channel.

SEE ALSO: CBS Chief Moonves: Time Warner Cable Can Afford to Pay Us More

The dispute erupted into public-relations battle July 18, when CBS launched an ad campaign spanning TV, radio, print and online (at KeepCBS.com) accusing TW Cable of holding the local stations “hostage.” The companies’ 2008 pact expired June 30, and was subsequently extended through Monday as the sides try to work out a deal.

Time Warner Cable has claimed CBS is demanding more than 600% above what the cable operator pays in retrans fees to independent CBS affiliates in other parts of the U.S. — an “unprecedented” premium, according to the TWC spin. The cable company has set up a microsite at TWCConversations.com with its talking points on the dispute and has run TV spots and print ads.

CBS chief Les Moonves, in a memo to CBS employees last week that was distributed to the media, said Time Warner Cable’s payments to the Eye are “out of whack.”

“It’s not like Time Warner Cable doesn’t have the money,” Moonves said in the memo. “Cable is a very, very profitable business, and Time Warner Cable can certainly afford to pay CBS a fair rate for our programming without passing any added cost on to its customers.”

Popular on Variety

More Biz

  • Scooter Braun Congratulates Taylor Swift on

    Scooter Braun Congratulates Taylor Swift on ‘Brilliant’ Album and Campaign

    Two days after Taylor Swift fired off the latest salvo in her battle with Scooter Braun, the manager congratulated the singer on the campaign around her “brilliant” new album, “Lover,” which arrived last night. The message came after Swift said she will be re-recording songs from her first six albums, which are now owned by [...]

  • David Koch Obit

    David Koch, Libertarian Activist and Billionaire Philanthropist, Dies at 79

    David Koch, brother of Charles Koch and one of the owners of Koch Industries, the second-largest private company in the U.S., has died at 79. According to the New York Times, Charles Koch announced the news of his brother’s death in a statement. Though he did not attribute to David’s death to a particular cause, [...]

  • Beverly Hills Realtor Accused of Stealing

    Beverly Hills Realtor Accused of Stealing From Usher, Adam Lambert

    A Beverly Hills real estate agent has been arrested on charges of stealing from the homes of celebrities, including Usher, Adam Lambert and “Real Housewives” star Dorit Kemsley. Jason Emil Yaselli, 32, is accused of encouraging an accomplice, Benjamin Ackerman, to enter homes during open houses in order to steal from them. Ackerman allegedly sold [...]

  • Pod Save America Hosts on Trump

    'Pod Save America' Hosts on Trump, the Democratic Primary and What's Wrong With Cable News

    Like many Democrats, Tanya Somanader was blindsided by the 2016 presidential election. A veteran of the Obama White House and a former speechwriter and digital specialist for House Speaker Nancy Pelosi, Somanader was gearing up for a Hillary Clinton administration. Instead, she had to grapple with the reality of a Donald Trump presidency. “A lot [...]

  • Ann Sarnoff Warner Bros

    Ann Sarnoff Formally Takes Reins of Warner Bros. as CEO

    The Ann Sarnoff era at Warner Bros. has begun. Sarnoff formally took the reins as Warner Bros. chair-CEO on Thursday, two months after she was appointed to the post. Sarnoff told employees in a memo that she has been impressed by the company’s track record during the past year amid a period of upheaval for [...]

  • Former movie producer Harvey Weinstein (L)

    Harvey Weinstein to Be Arraigned on New Indictment

    Harvey Weinstein is set to appear in court on Monday for an arraignment on a new indictment, the Manhattan D.A.’s office said Thursday. Prosecutors announced last week that they would seek a fresh indictment, which would allow actress Annabella Sciorra to testify at Weinstein’s trial. The move came after Justice James Burke ruled on Aug. [...]

  • AI Technology David Beckham

    How AI Tech Is Changing Dubbing, Making Stars Like David Beckham Multilingual

    David Beckham does not speak Arabic, Hindi or Mandarin. But when the soccer legend starred in a PSA for malaria awareness this spring, he effortlessly switched among these and six other languages, thanks to cutting-edge technology that could soon change how Hollywood localizes its movies and TV shows. The PSA in question was produced with technology [...]

More From Our Brands

Access exclusive content