Arts & EntertainmentThe EnvelopeCompany Town

CBS and Time Warner Cable again extend talks

TelevisionEntertainmentTime Warner Cable Inc.Satellite and Cable ServiceTelevision IndustryLeslie Moonves

Time Warner Cable and CBS Corp. have once again extended their negotiations for a carriage agreement for CBS-owned media properties.

The current distribution agreement between the two companies was set to expire at 5 p.m. However, Time Warner Cable said negotiations would continue for another hour to 6 p.m. This is the second time today that a blackout was postponed.

The two sides have been trying for weeks to come to terms on a distribution pact to keep CBS-owned TV stations, including KCBS-TV Channel 2 and KCAL-TV Channel 9 in Los Angeles and WCBS-TV in New York on Time Warner Cable. The talks also include CBS-owned cable channels Showtime and CBS Sports Network.

PHOTOS: Cable versus broadcast ratings

CBS wants a big increase in fees for its its stations, which Time Warner Cable is resisting. CBS, which is the most-watched TV network, argues that it is undervalued compared with cable channels that have lower ratings but collect higher distribution fees from pay-TV operators.

Time Warner Cable has indicated that it is willing to pay more for CBS but that the network is being too aggressive.

In a recent report, media analyst David Banks of RBC Capital Markets said CBS is looking to increase the fee Time Warner Cable currently pays from less than $1 per subscriber per month to a figure approaching $2 in the first year and with subsequent increases in later years.

ALSO:

Time Warner Cable - CBS dispute heats up

CBS boss Leslie Moonves warns staff of potential blackout

CBS and Time Warner Cable take their distribution feud public

Follow Joe Flint on Twitter @JBFlint.

MORE

ON LOCATION: People and places behind what's onscreen

PHOTOS: Biggest box office flops of 2013

PHOTOS: Celebrity production companies

Copyright © 2014, Los Angeles Times
Related Content
TelevisionEntertainmentTime Warner Cable Inc.Satellite and Cable ServiceTelevision IndustryLeslie Moonves
Comments
Loading