There have been 230 blackouts in 2019, up from just eight in 2010, according to the American Television Alliance, a trade group for cable and satellite services.ĬBS has asked to be paid $3 per AT&T subscriber, an increase from $2 under the previous deal, according to a person familiar with the terms. AT&T’s U-verse and DirecTV customers in Los Angeles and New York can’t watch CBS’ news, live sports or late-night talk, nor can they sample summer reality shows like “Love Island” and “Big Brother.”ĭisputes between networks and pay-TV operators have become more common as a growing number of customers have abandoned cable and satellite packages. cities last weekend due to an impasse over how much the telecom giant should pay for the network’s programming. We haven’t heard anything.”ĬBS went off the air for AT&T customers in more than a dozen U.S.
Stephenson said earlier Wednesday that his company made a “reasonable and fair offer five days ago and it’s been crickets.
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traded blame Wednesday for a contract dispute that has deprived more than 6 million people of access to the most-watched TV network in the U.S.ĬBS said it’s “absolutely” ready and willing to negotiate with the carrier after its programming was blacked out on AT&T’s pay-TV services last week, a response to comments from AT&T Chief Executive Officer Randall Stephenson. Analysts were expecting earnings of $1.12 a share, according to FactSet.Īdvertising revenue grew 7%, led by CBS’ broadcast of the NCAA basketball tournament and championship game.CBS Corp. Revenue also increased 10% to $3.8 billion in the quarter. Now, Viacom and CBS are among the smallest of the major media companies.ĬBS on Thursday reported a 10% jump in earnings in the second quarter - $440 million, or $1.17 a share, compared with $400 million, or $1.05, in the year-earlier period. Larger media companies, including AT&T and Walt Disney Co., have been gobbling up assets to fortify themselves to compete against Netflix and. The two companies, both controlled by the Sumner Redstone family, were part of the same conglomerate until 2006, when Redstone divided his holdings with the belief that CBS and Viacom were strong enough to stand on their own.īut the television industry has changed dramatically in the last five years. Wall Street has been expecting a deal to emerge this summer.
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Ianniello noted that the broadcasting company should hit its target of generating $2.5 billion in annual revenue from retransmission and affiliate station fees by next year.Ī breakthrough in the carriage fee talks came as CBS is separately negotiating to acquire its corporate sibling Viacom Inc., owner of MTV, Nickelodeon, BET and the Paramount Pictures movie studio. “We have now successfully completed three very significant carriage deals - AT&T, Altice and Nexstar - in the span of less than two weeks.” “We are very pleased to have achieved an agreement that recognized what CBS brings to the table,” Ianniello said. The dispute had centered on the retransmission fees that AT&T must pay CBS for the right to broadcast the signals of 26 CBS-owned stations, including KCBS-TV Channel 2 and KCAL-TV Channel 9 in Los Angeles.ĭuring an earnings call with analysts, CBS acting Chief Executive Joe Ianniello hinted that CBS had wrangled a rate hike in its new agreement with AT&T. Terms of the new multiyear deal between CBS and AT&T that replaced the one that expired July 19 were not disclosed. That dispute over carriage fees also remains unresolved. And, in late July, Dish Network dropped 22 Fox-branded regional sports networks, including Fox Sports West, which broadcasts Angels games, and Fox Sports San Diego, which carries Padres games. Media companies are paying more for programming such as sports while pay-TV operators face their own financial pressures as more consumers cut the cable cord in favor of lower-cost alternatives.Īccording to the American Television Alliance, there have been a record 230 outages on various pay-TV systems this year.ĪT&T remains at loggerheads with Nexstar Media Group, one of the nation’s largest TV station owners. The new AT&T-CBS agreement includes coverage of the CBS-owned Smithsonian Channel and the CBS Sports Network.īlackouts have become more common in recent years because of increasingly contentious negotiations over fees that programmers charge for their content. AT&T customers in New York, Chicago, Atlanta, Denver, Sacramento and San Francisco also were affected by the blackout.
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