Dish Network Corp. (MM) (NASDAQ:DISH)
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Dish Network Corp. (DISH) reached an agreement with LIN TV Corp. (TVL) on a new retransmission agreement, restoring local television channels to its customers in 17 markets.
"Dish Network is pleased to have reached a deal with LIN Media," Dish, a satellite-TV provider, said in a statement on Saturday.
"We are pleased that our negotiations with DISH Network resulted in a fair resolution and a new retransmission consent agreement," said Vincent Sadusky, chief executive of Lin Media, in a statement. "We thank our viewers and our advertisers for their tremendous support."
Terms of the agreement weren't provided.
Cities including Austin, Texas, and Columbus, Ohio, were without some or all of the CBS, NBC, FOX and CW affiliates for a week as a result of a dispute, which centered on how much Dish would have to pay LIN to rebroadcast those channels to its satellite customers. Retransmission has grown into a hot issue after several past disputes led to widescale blackouts. The Federal Communications Commission has begun looking at how the rates have been negotiated, and the recent blackout was only the most recent instance of a dispute spilling into the public eye.
The comment on Saturday contrasts with the rhetoric from last week, when Dish accused Lin of holding its customers hostage in an attempt to coerce Dish into paying "outrageous demands." Lin said it was only seeking fair compensation for its local channels.
-By Roger Cheng, Dow Jones Newswires; 212-416-2153;