With the icebergs of over-the-top distribution floating all around the broader pay-TV business, the resurgent ad war between satellite and cable is a little bit like having an argument...while seated in the deck chairs of the Titanic.
Tegna Media said it has agreed to an eight-day extension of its current retransmission licensing agreement with Dish Network, averting a black out involving 51 TV stations in 39 markets.
AT&T said it is currently testing fixed wireless local loop technology in select areas of the country with local residents who want to try the service, including in Alabama, Georgia, Kansas and Virginia, and is seeing speeds of around 15 to 25 Mbps.
Media General said that it has reached a renewal deal for broadcast retransmission licensing with DirecTV, avoiding a blackout that would have impacted 62 stations in 48 markets.
AT&T will expand DirecTV's Audience Network beyond the confines of the satellite service for the first time, making it available to nearly 6 million U-verse video subscribers.
Tegna Media said it has agreed to wait an additional 24 hours from the 7 p.m. EST expiration of its retrans deal tonight with Dish Network before blacking out its 46 stations on the satellite operator's service.
AT&T said it expects to add more than 2 million new wireless customers across all of its wireless segments in the third quarter. The company added that the number of its branded voice customers also grew during the period. The news highlights what appears to be another successful quarter for AT&T following the close of the carrier's acquisition of DirecTV.
AT&T (NYSE: T) is facing the looming possibility of dual blackouts on Oct. 1 involving nearly 100 stations as retransmission contracts involving its U-verse service and Tribune Media, as well as DirecTV and Media General, are set to expire.
DirecTV ranked No. 1 among pay-TV service providers in J.D. Power's annual survey of consumers on TV, Internet and phone service providers.
With the overall U.S. satellite TV business losing 214,000 customers in the second quarter-- and losing pay-TV market share to cable for the very first time-- MoffettNathanson analyst Craig Moffett says the sector is now officially a mature business that is no longer growing.