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UPDATE 07/25/13 9AM: Time Warner Cable and CBS have extended until Monday July
29, the deadline for resolving a dispute that would yank the network from cable
subscribers in many large cities.
Earlier Posting...
CBS Chief Executive Leslie Moonves is warning employees that the network's TV stations may be dropped by Time Warner Cable if a new deal isn't reached by Thursday morning.
Earlier Posting...
CBS Chief Executive Leslie Moonves is warning employees that the network's TV stations may be dropped by Time Warner Cable if a new deal isn't reached by Thursday morning.
"There is a very real threat that Time Warner Cable is
going to drop our stations in New York , Los Angeles and Dallas ,"
Moonves wrote in a memo to CBS staffers obtained by the Los Angeles Times.
At issue are fees CBS is seeking from Time Warner Cable to
carry its TV stations. The debate only involves TV stations owned by CBS and
not all CBS affiliates. Still, that could translate to several million viewers
in three key markets and could harm CBS' ratings.
In the memo, Moonves argues that many cable networks that
have smaller ratings than CBS are getting more in monthly subscription fees
from Time Warner Cable and that the pay-TV distributor is being cheap.
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