Dish, Tegna Reach New Distribution Agreement
October 11 2015 - 09:00PM
Dow Jones News
Satellite broadcaster Dish Network Corp. and local
television-station owner Tegna Inc. reached a new distribution
agreement after a brief blackout.
On Friday night, Tegna (formerly Gannett Co.) pulled the signals
of 46 TV stations it owns or operates from Dish Network, leaving
millions of subscribers in 38 major markets across 33 states
without access to some of their local channels. Tegna is the
largest independent owner of NBC and CBS affiliates and owns many
ABC affiliates.
The new multiyear agreement came early Sunday afternoon, less
than two days after the stations had gone dark.
Such contract disputes have become more common in recent years
as broadcast and cable channels seek higher distribution fees from
cable and satellite operators in response to their own growing
content costs. At the same time, cord-cutting by consumers tired of
big pay-TV bills and a lack of choice are spurring distributors to
push back on higher costs from programmers.
Write to Joe Flint at joe.flint@wsj.com
Access Investor Kit for "Gannett Co., Inc."
Visit
http://www.companyspotlight.com/partner?cp_code=P479&isin=US87901J1051
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 11, 2015 20:45 ET (00:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
DISH Network (NASDAQ:DISH)
Historical Stock Chart
From Feb 2024 to Mar 2024
DISH Network (NASDAQ:DISH)
Historical Stock Chart
From Mar 2023 to Mar 2024