LIN TV Announces Negotiations with Charter Communications Unsuccessful
June 7th, 2008 Leave a comment Visited 24 times, 1 so far today
DISH Network Offers $50 Incentive to All New Subscribers in Grand Rapids, Green Bay, Hartford and Providence Areas
LIN TV Corp. (NYSE: TVL), a local television and digital media company, announced today that negotiations with Charter Communications, Inc. (“Charter”), appear unlikely to result in a retransmission consent agreement. As a result, LIN TV expects Charter to discontinue carriage of its television stations when the current contract expires on June 30, 2008.
Eleven LIN TV-owned and/or operated local stations are currently carried by Charter in the following markets: Grand Rapids; Green Bay; Hartford-New Haven; Springfield (Mass); Dayton; Providence and Toledo.
LIN TV is in the process of securing compensation for carriage from cable companies on terms that are comparable to those given cable networks so that it can continue to provide top-rated news, weather and other local programming, plus the most-watched network and syndicated sports and entertainment programming. Within the past year, LIN TV has successfully reached agreements with numerous cable, satellite and telephone companies, all of which have recognized the fair market value of its stations’ signals.
“Most cable operators, like their satellite and telephony competitors, now understand and acknowledge that fair and equitable compensation is essential to ensure the viability of our local outlets which are such a big part of the value they provide to consumers,” said LIN TV’s Executive Vice President Digital Media Gregory M. Schmidt. “This is an evolving marketplace with a lot of background noise so reaching an agreement can sometimes be difficult. We will continue to work hard with Charter in hopes of reaching a deal with them soon.”
In the event that LIN TV’s signals are pulled, viewers may continue to watch their local news and top-rated programming through alternative means, such as an antenna or by switching to a satellite service like DISH Network®.
In March, 2008, LIN TV and DISH Network Corporation (NASDAQ: DISH), the nation’s third largest pay-TV provider and the digital transition leader, announced a marketing and promotional agreement to encourage consumers to switch to DISH Network if a LIN TV local station signal has the potential to become unavailable or is removed from a cable system. The parties jointly market LIN TV’s availability on DISH Network so viewers will have the opportunity to continue watching their favorite local news and programming.
For a limited time, all new subscribers to DISH Network in the Grand Rapids, Green Bay, Hartford-New Haven and Providence markets will receive a $50 incentive to switch to DISH Network. For more information and to make the switch, call 1-888-DISH-950.
“The possibility of losing important local channels is understandably leading many residents to look at their television service alternatives,” said Eric Sahl, senior vice president of Programming at DISH Network. “Consumers in Green Bay, Hartford-New Haven and Providence can already enjoy their local HD channels with DISH Network, and Grand Rapids residents will see their local HD channels added to DISH Network later this month. Combined with our award-winning technology and this special $50 incentive offer, there’s never been an easier or more attractive time to switch to DISH Network.”
About LIN TV
LIN TV Corp., along with its subsidiaries (“LIN TV” or “the Company”), is a local television and digital media company, owning and/or operating 29 television stations in 17 U.S. markets, all of which are affiliated with a national broadcast network. LIN TV’s highly-rated stations deliver important local news and community stories, along with top-rated sports and entertainment programming, to 9% of U.S. television homes, reaching an average of 10 million households per week.
LIN TV is also a leader in the convergence of local broadcast television and the Internet through its television station web sites and a growing number of local online innovations that reach 15% of U.S. broadband households. LIN TV is traded on the New York Stock Exchange under the symbol “TVL”. Financial information about the company is available at www.lintv.com.
About DISH Network Corporation
DISH Network Corporation (Nasdaq:DISH), the nation’s third largest pay-TV provider and the leader in digital television, provides more than 13.815 million satellite TV customers with industry-leading customer satisfaction which has surpassed major cable TV providers for eight consecutive years. DISH Network also provides customers with award-winning HD and DVR technology including the ViP722™ HD DVR, which received the Editors’ Choice awards from both CNET and PC Magazine. In addition, subscribers enjoy access to hundreds of video and audio channels, the most International channels in the U.S., industry-leading Interactive TV applications, Latino programming, and the best sports and movies in HD. DISH Network offers a variety of package and price options including the lowest all-digital price in America, the DishDVR Advantage Package, high-speed Internet service, and a free upgrade to the best HD DVR in the industry. DISH Network is included in the Nasdaq-100 Index (NDX) and is a Fortune 300 company. Visit www.dishnetwork.com/aboutus or call 1-800-333-DISH (3474) for more information.
Contacts
DISH Network Media Contact:
Monica Martinez, 720-514-5351
press {at} echostar(.)com
or
Courtney Guertin, 401-457-9501
courtney.guertin {at} lintv(.)com
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