Friday, January 22, 2021

CBS AND TIME WARNER CONTINUE TALKS

July 25, 2013 by · Leave a Comment 

CBS will remain on Time Warner Cable systems until at least Monday. The two sides said late Wednesday that they had agreed to extend their current contract until at least 5:00 p.m. ET on Monday so that they could continue their negotiations over a new deal. The extension appeared to suggest that the talks had not reached the point of stalemate. Meanwhile, Time Warner appeared to be taking a cue from BTIG analyst Richard Greenfield, who observed that the provider could auction CBS’s prized channel position (channel 2 in New York and Los Angeles) to another cable network if negotiations break down. In an interview with the Wall Street Journal, Maureen Huff, a spokeswoman for Time Warner Cable, said Wednesday that “if CBS goes dark, they will likely lose their space on the [channel] lineup.” She added: “Broadcasters don’t have a birthright to any specific” channel number.