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.”

More Biz

  • Smoke haze covers the Sydney Harbour

    Australia's Seven West to Merge With Affiliate Prime Media

    Australia’s Seven West Media has agreed a deal to acquire regional broadcast group Prime Media. The move is a further step in the consolidation of Australia’s traditional media industry. The two companies announced on Friday that Seven will make the acquisition entirely through the issue of new shares to the owners of Prime. Both companies [...]

  • Ron Meyer

    Ron Meyer Files $10 Million Suit Over Forged Rothko

    NBCUniversal Vice Chairman Ron Meyer has filed a $10 million suit against two art dealers, claiming they sold him a forged Mark Rothko painting in 2001. Meyer accuses Susan Seidel and Jaime Frankfort of duping him into buying the work. According to the suit, he was told that it would be included in an official [...]

  • Former movie producer Harvey Weinstein (L)

    Harvey Weinstein Seeks to Call Expert on 'Recovered' Memories at Rape Trial

    Harvey Weinstein’s attorneys are seeking to call an expert on “recovered memories” at his trial on rape and sexual assault charges. The defense has filed a motion asking to call Deborah Davis, a psychologist and professor at the University of Nevada at Reno. Davis is a frequent defense witness. She co-authored an article in 2006 [...]

  • Tekashi 6ix9ine Docuseries Coming From Showtime

    Tekashi 6ix9ine Docuseries Coming From Showtime and Rolling Stone

    Showtime Documentary Films today announced a new limited docuseries profiling controversial rapper Tekashi 6ix9ine. Titled “SuperVillain” and inspired by the Rolling Stone feature written by Stephen Witt, the three-part series will trace how a New York City deli clerk named Daniel Hernandez became superstar rapper Tekashi 6ix9ine — who racked up 2.6 billion streams and [...]

  • Fader Label Logo

    Fader Label Signs Two New Acts, Boosts Staff

    The Fader Label, home to Clairo, Matt and Kim and others, announced two new signings today along with three new hires on its staff. Charlie Burg and Zachary Knowles have joined the label’s talent roster, while Carson Oberg has come aboard as general manager, Yasmine Panah as project manager and Josh Hymowitz as label coordinator. They [...]


    CBS-Viacom Merger Details Revealed, Shares to Trade on Nasdaq

    Negotiations between CBS and Viacom went down to the wire on the day the long-gestating transaction was finally sealed on Aug. 13. CBS Corp. and Viacom revealed the timeline of the merger talks in a Securities and Exchange Commission filing on Thursday that runs more than 650 pages. Also Thursday, CBS and Viacom said the [...]

  • Nile Rodgers and Merck Mercuriadis

    Hipgnosis Songs Raises Another $295 Million

    Hot on the heels of its deal to acquire a catalog of 108 Timbaland copyrights, Hipgnosis Songs has raised another $295 million (£231 million) — putting its total to nearly $800 million to date. According to the announcement, a total of 231,000,000 C Shares have been placed by Nplus1 Singer Advisory LLP  and J.P. Morgan [...]

More From Our Brands

Access exclusive content