Sunday, May 28, 2023


August 27, 2013 by · Leave a Comment 

Struggling RadioShack, which has seen its stock plummet over the past year as it posted consecutive quarterly losses, could become the chief beneficiary of the CBS-Time Warner Cable stalemate over retransmission-consent fees. On Monday it announced that it would cut prices of its indoor AntennaCraft HDTV antenna in areas affected by the CBS blackout, including Los Angeles, New York, and Dallas, through September 7. The antennas, which are produced exclusively for RadioShack, ordinarily sell for $49.99 and can be set up “in minutes,” the company said. The company is also hoping that the blackout will encourage cable users to cut the cord and is also pushing settop boxes that connect TV sets to the Internet. “They allow you to stream loads of free channels plus services like Netflix over your Internet connection,” the Fort Worth-based company advertised. Earlier this month Standard & Poor’s Ratings Services lowered RadioShack’s rating to CCC, saying that it “reflects our view that a default could occur within 12 months, absent a major business turnaround or increased liquidity.”