CBS has signed a new broadcasting rights agreement with Time Warner Cable (TWC) to restore its content back to all TWC customers, ending a month-long blackout in several key US markets.
Following the deal, programming for all CBS channels was restored for TWC subscribers in New York, Los Angeles, Dallas and affected other markets.
CBS CEO Leslie Moonves said that the move was a far more protracted dispute than anyone at CBS anticipated, but in spite of the pain it caused and the inconvenience to viewers who were affected, it was an important one.
"We are receiving fair compensation for CBS content and we also have the ability to monetise our content going forward on all the new, developing platforms that are right now transforming the way people watch television," Moonves said.
Issues between both sides came out after CBS’s demanded to increase the ‘retransmission fees’ for Time Warner to continue transmitting its signal.
Time Warner Cable chairman and chief executive Glenn Britt said: "We wanted to hold down costs and retain our ability to deliver a great video experience to our customers."
