The nation’s biggest broadcast TV networks are fighting with local TV stations for a share of viewers’ monthly cable bills, with each side claiming the cash is crucial to its survival, according to a story in the Wall Street Journal. In some cases, networks want half or more of the compensation their affiliates receive.
CBS, NBC, ABC and Fox Broadcasting Co. are asking their affiliates for a cut of the payments they receive from cable, satellite and telephone companies, according to a story in the Wall Street Journal.
Written by Sam Schechner, the story says that in some cases, networks are asking for 50 percent or more of the total retrans payment an affiliate receives. In its current face-off against Time Warner Cable, News Corp. is asking for a dollar per household for its stations and is asking affiliates to share a substantial portion of their retrans cash.
WSJ Online subscribers may read the full story here.