Frontier Communications Continues Negotiations with Sinclair Broadcast Group to Renew Carriage Agreement that Provides Conten...
December 22 2016 - 2:47PM
Business Wire
Frontier Communications Corporation (NASDAQ:FTR) continues to
negotiate the renewal of its carriage agreement with Sinclair
Broadcast Group, Inc. (NASDAQ: SBGI), a programmer that provides
content to approximately 3 percent of Frontier’s video subscribers.
Potentially impacted customers are located in the Seattle, Wash.
and Portland, Ore. markets. The carriage agreement is scheduled to
expire at 5:00 p.m. Eastern on Dec. 31, 2016.
Frontier contracts with various programmers to offer content to
its video customers across its 29-state footprint and these
contracts periodically expire or are terminated. Frontier
negotiates in good faith to reach new agreements with program
providers to bring its customers the best TV programming possible
at the most reasonable prices.
“We are working hard to negotiate fair renewal terms with
Sinclair, but cannot accept its proposed terms which have included
excessive rate increases of no less than 80 percent and as far
reaching as 380 percent as well as the inclusion of channels that
the majority of our customers do not want,” said Steve Ward,
Frontier’s Senior Vice President of Video.
About Frontier Communications
Frontier Communications Corporation is a leader in providing
communications services to urban, suburban, and rural communities
in 29 states. Frontier offers a variety of services to residential
customers over its fiber-optic and copper networks, including
video, high-speed internet, advanced voice, and Frontier Secure®
digital protection solutions. Frontier Business Edge™ offers
communications solutions to small, medium, and enterprise
businesses. More information about Frontier is available at
www.frontier.com.
Please note that Frontier has a new logo that is available for
download at: https://frontier.com/corporate/pressroom
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version on businesswire.com: http://www.businesswire.com/news/home/20161222005714/en/
Frontier Communications CorporationInvestors:Luke
Szymczak, 203-614-5044Vice President, Investor
Relationsluke.szymczak@ftr.comorMedia:Peter
DePasquale, 203-614-5097Vice President, Corporate
Communicationspeter.depasquale@ftr.com
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