Time Warner Cable, Sinclair finally reach deal
The long-running national nightmare between Time Warner Cable (NYSE: TWC-WI) and Sinclair Broadcast Group is over; the two have signed a multi-year retransmission deal covering 28 TV stations seen by 4 million Time Warner subscribers in 12 states. This solves the cable problem for Sinclair-for now-since the broadcaster also recently worked out a deal with Bright House Networks.
Besides money, which is at the root of all of these disputes, Time Warner has agreed to produce three half-hour weekday local news programs for Sinclair's WXLF-TV ABC affiliate in Greensboro/Winston-Salem, N.C. starting next January.
- Forbes.com has this story