CBS, Time Warner Cable Extend Deadline Until Midnight Eastern

UPDATED: As negotiations continue both sides agree to the delay, keeping the CBS stations on the nation's second-largest cable operator for at least a few hours more.

Time Warner Cable and CBS Inc. have agreed to extend their deadline -- again -- to reach a deal until midnight Eastern time Tuesday. 

Earlier Monday, CBS confirmed that talks between both sides are continuing and that an extension had been granted. It's now been extended four times.

Maureen Huff of Time Warner Cable said, "Since negotiations are ongoing, Time Warner Cable has agreed to extend the agreement."

The contract, already extended, was to have expired at 5 pm Eastern today. If no deal was reached, CBS channels on Time Warner Cable systems in New York City, Los Angeles and Dallas would have gone dark. 

More to come...