Time Warner Cable, Sinclair Agree on New Deal
Retransmission pact covers 28 TV stations; follows heated exchanges between the companies in late 2010.
NEW YORK -- Time Warner Cable and Sinclair Broadcast have reached an agreement in principle that ensures continued carriage of the latter's 28 TV stations in TWC markets.
The stations include ABC, Fox, CW and MyNetwork affiliates and one NBC station.
Financial terms weren't disclosed.
TWC said Saturday that a final agreement is expected in the next seven days.
The two companies had failed to reach a new signal deal by the end of 2010 when their previous arrangement expired, but they had agreed on two short-term extensions to allow negotiations to continue.
“We’re pleased to reach an agreement with Sinclair Broadcasting without any interruption in service for our customers,” said TWC president and COO Rob Marcus. “We appreciate our customers’ patience and support throughout this negotiation, and thank them for their patronage.”