DirecTV and Tribune reached a retransmission consent agreement late Wednesday,...
DirecTV and Tribune reached a retransmission consent agreement late Wednesday, they said. The deal restored carriage of Tribune’s 23 TV stations and WGN America network to DirecTV customers Wednesday night. DirecTV said the undisclosed rates reflected a fair market value…
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similar to what it agreed to accept last week before the blackout began (CD April 3 p1). DirecTV has withdrawn is bad-faith retrans complaint at the FCC, said Andrew Reinsdorf, senior vice president-government affairs. Advocates for changing retrans rules said they hoped the impasse highlighted the need to revamp the rules. “To prevent further blackouts, ACA believes the Federal Communications Commission should complete action on the pending notice of proposed rulemaking and that the House and Senate committees should start hearings” to look at designing a new system, said American Cable Association President Matt Polka. The American Television Alliance said the “dispute set a new low, with Wall Street bankers and hedge funds needlessly abusing viewers for their own gains,” saying that will continue to suffer unless there is FCC or congressional action. Hedge funds and Wall Street banks are among the creditors of Tribune, which is in bankruptcy proceedings.