DIRECTV and Tribune Reach Agreement For Retransmission of Tribune’s Local Channels and WGN America
April 04 2012 - 9:13PM
Business Wire
DIRECTV and Tribune have reached a retransmission consent deal
for DIRECTV to continue carrying all of Tribune’s local stations
and WGN America for the next five years. Terms of the deal were not
disclosed.
“We’re pleased that Tribune and their creditors now recognize
that all DIRECTV wanted from day one was to pay fair market rates
for their channels,” said Derek Chang, executive vice president of
Content, Strategy and Development, DIRECTV. “It’s unfortunate that
Tribune was willing to hold our customers hostage in an attempt to
extract excessive rates, but in the end we reached a fair deal
at market rates similar to what we originally agreed to on March
29. On behalf of our customers, we are very happy to close the
deal and put this behind us.”
Tribune restored all of their local signals and WGN America to
DIRECTV customers at approximately 9 p.m. ET.
Five million American homes blacked out from their local
broadcaster cries out for an examination in Washington, D.C of the
decades old telecom law that encourages these impasses.
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.
DTE Energy (NYSE:DTV)
Historical Stock Chart
From Jun 2024 to Jul 2024
DTE Energy (NYSE:DTV)
Historical Stock Chart
From Jul 2023 to Jul 2024
