CBS rejects Time Warner Cable offer to end fight
CBS CEO/President Les Moonves is rejecting the latest proposal by Time Warner Cable to end its blackout of the network’s stations in Los Angeles and other major markets.
In a letter to Time Warner Cable CEO Glenn Britt, Moonves calls the proposal a “distraction” and not “sincere or helpful.” He says the cable company’s offer to sell CBS channels to subscribers on an “a la carte” basis is an “empty gesture” and contrary to the existing economics and structure of the cable industry.
Moonves called on Time Warner Cable to return to the negotiating table and “talk about the real issues that separate us.”
In a statement, Time Warner described their proposals to get CBS programming back as “sincere.” They also called for a “return to the table to negotiate in good faith on behalf of our customers and their viewers.”
The dispute is over fees Time Warner Cable pays to CBS.
After failing to reach an agreement last week, Time Warner Cable blacked out CBS stations and the Showtime Cable Network to over 3 million customers in Los Angeles, New York, Dallas and several other markets.
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