Time Warner Cable CEO Wants Sports Channels to Be Sold Separately

Glenn Britt
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Time Warner Cable CEO Glenn Britt's compensation grew 9% last year to $17.4 million. His base salary -- $1.25 million -- was the same as it was in 2002 and his compensation is roughly in line with CEOs at other such providers of TV services as DirecTV, Dish Network, AT&T, Cablevision and Comcast. Nearly half of Britt's compensation came by way of non-equity incentives, while stock and options amounted to $7.4 million. His compensation also included $186,000 for personal use of corporate-owned aircraft.

Glenn Britt's company has been locked into a carriage showdown with MSG.

With his company locked into a carriage showdown with regional sports network MSG and rising costs of other sports content, Time Warner Cable CEO Glenn Britt is suggesting that sports networks should be sold separately from core cable TV packages, the Wall Street Journal reported.

"What was a minor problem is turning into an astronomical problem," Britt told the paper in an interview when talking about the cost of sports programming. "The ultimate solution is to get that programming on some sort of smaller packaging scheme."

TW Cable and MSG and its parent company Madison Square Garden, controlled by the Dolan family, have been waging a war of words ahead of a New Year's Eve deadline for a new carriage agreement.

If no new deal is struck, the network, which carries games by such local teams as the company's own New York Knicks and Rangers, could be blacked out in about 2 million New York homes.

"Time Warner Cable is a valuable customer of MSG," Mike Bair, president, MSG Media said earlier in the week about the carriage dispute. "We agree that it is important that our fans don't miss their favorite programming."

Email: Georg.Szalai@thr.com

Twitter: @georgszalai