CBS' Les Moonves is slamming Time Warner's latest offer as a "sham" and a "distraction," as the fee feud continues between the two companies, reports CNBC's Julia Boorstin with the latest details.
CBS Chief Executive Les Moonves fired back at Time Warner Cable, pulling out harsh language to reject the cable company's latest overture in their dispute over broadcasting fees.
CNBC's Julia Boorstin has the latest detail on the continuing feud between CBS and Time Warner Cable over fees.
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The fees war between CBS and Time Warner Cable is heating up, as negotiations between the two media conglomerates break down, reports CNBC's Julia Boorstin.
In an unusual show of solidarity between rivals, satellite TV provider DirecTV issued a statement applauding Time Warner Cable's decision to drop CBS programming.
Time Warner Cable has dropped CBS in New York, LA, Dallas and several other markets after a deadline expired. "We deeply regret this ill-advised action ..." CBS said.
CBS and Time Warner Cable failed to reach a deal by the deadline. CBS stations, as well as Showtime are blacked out for many Time Warner Cable subscribers, reports CNBC's Julia Boorstin.
CNBC's Julia Boorstin reports the latest on negotiations between CBS and Time Warner Cable. They are debating how much money Time Warner Cable should pay for CBS and Showtime.
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If Time Warner Cable and CBS do not agree on fees TWC pays CBS, or extend the deadline again, 3 million subscribers will lose access to CBS and Showtime. CNBC's Julia Boorstin reports Time Warner Cable is afraid that passing along higher prices would send subscribers running.
The increasing value of CBS' content is precisely why CEO Les Moonves is standing firm in his negotiations to be paid more for his channels for subscribers in New York, Los Angeles and Houston.