DIRECTV Responds to Tribune Statement
March 31 2012 - 4:16PM
Business Wire
We’re extremely perplexed as Tribune management and DIRECTV had
a handshake deal on Thursday with an agreed upon rate for their
channels. Their actions are the true definition of “bad faith” in
every sense of the term.
We can’t help but wonder whether Tribune's ability to negotiate
a reasonable retransmission agreement with DIRECTV is being
undermined by the complexities and competing interests in their
lengthy bankruptcy process. Despite our best efforts to compensate
Tribune fairly for both WGN America and the local stations, it
seems they are focused on unduly benefitting their creditors rather
than viewers. Threatening station blackouts to extract an
exorbitant fee for all of Tribune’s content may provide an improved
return for certain banks and hedge funds, but is not in the
interest of its viewers and is not a cure for bankruptcy.
If the local stations and WGN America do come down at midnight,
it will be 100% Tribune’s decision to take them away from
customers. To come so close and then renege on terms that affect
millions of customers defies Tribune’s long history of protecting
the public interest. However, we hope Tribune does the right thing
and honors their word, keeps the channels on and puts customers
before creditors.
About DIRECTV
DIRECTV (NASDAQ: DTV) is one of the world’s leading providers of
digital television entertainment services delivering a premium
video experience through state-of-the-art technology, unmatched
programming and industry leading customer service to 32 million
customers in the U.S. and Latin America. In the U.S., DIRECTV
offers its 19.9 million customers access to more than 170 HD
channels and Dolby-Digital® 5.1 theater-quality sound, access to
exclusive sports programming such as NFL SUNDAY TICKET™, Emmy-award
winning technology and higher customer satisfaction than the
leading cable companies for 11 years running. DIRECTV Latin
America, through its subsidiaries and affiliated companies in
Brazil, Mexico, Argentina, Venezuela, Colombia, and other Latin
American countries, leads the pay-TV category in technology,
programming and service, delivering an unrivaled digital television
experience to 12 million customers. DIRECTV sports and
entertainment properties include three Regional Sports Networks
(Northwest, Rocky Mountain and Pittsburgh) as well as a 60 percent
interest in Game Show Network. For the most up-to-date information
on DIRECTV, please visit www.directv.com.
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