Time Warner Cable may lose Journal Broadcast stations in California, Wisconsin, Nebraska
Journal Broadcast Group is beginning to warn Time Warner Cable (NYSE: TWC) subscribers in California, Wisconsin and Nebraska that they may lose TV stations affiliated with CBS and NBC unless the MSO agrees to pay increased retransmission-consent fees before its contract expires on June 30.
Time Warner Cable says Journal Broadcast Group is demanding that it pay a 200 percent increase in retransmission-consent fees. "We continue to take a stand against unreasonable fee increases by local broadcast TV stations," the MSO, which endured a five-month blackout during a dispute with a Texas broadcaster last year, said in a prepared statement.
Journal Broadcast Group said in a statement that it is asking for a "modest" price increase and that Time Warner Cable "has refused to reach a fair, market-based deal to carry our stations."
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