September 3, 2013 |
Cord-cutting continues to nibble away at the U.S. pay-TV industry. According to a SNL Kagan report released Tuesday, the industry suffered a net loss of 217,000 subscribers in the second quarter of this year compared to the same period last year. The report also showed that traditional cable companies -- including Time Warner Cable -- are losing more subscribers to satellite and telecommunications competitors that also offer video service. The report illustrated why Time Warner Cable had little choice but to settle its contentious dispute with CBS Corp., which led to a monthlong blackout of CBS-owned stations in Los Angeles, New York and Dallas.
December 8, 2011 |
Call it a cable squeeze play. Cable television networks may be the most lucrative divisions of many large media companies, but the networks are beginning to feel the pinch of dramatically higher programming costs. In 2006, TV sports giant ESPN spent $3.5 billion on programming for its flagship channel. This year, the channel's content costs have mushroomed to $5.2 billion — a nearly 50% jump from five years ago, according to consulting firm SNL Kagan. Programming expenses for Time Warner Inc.'s TNT channel have soared 55% since 2006 to $1.1 billion this year, propelled by sports rights fees for NBA and NCAA basketball as well as a lineup of original dramas including "The Closer" and "Falling Skies.
September 26, 2012 |
The turtles are being unleashed in the nick of time. On Saturday morning, Nickelodeon will take the lid off a slicker, hipper version of "Teenage Mutant Ninja Turtles. " The armed reptiles, a hugely popular cartoon franchise in the '80s and '90s, are the latest effort by the children's network to combat a dramatic ratings plunge. Over the past year, Nickelodeon has lost 28% of its young audience, according to ratings firm Nielsen. The network's signature programming, "SpongeBob SquarePants" and tween sensation "iCarly," have lost cache with kids who are turning to other channels and other entertainment such as video games.
July 11, 2012 |
As Mike Sorrentino, star of MTV's "Jersey Shore," would put it, DirecTV and Viacom have a situation here. DirecTV dropped more than a dozen cable networks owned by Viacom including MTV, Nickelodeon, BET and Comedy Central on Tuesday night after the satellite distributor was unable to reach a new fee arrangement with the media giant to continue carrying its channels. Although the two sides are continuing to negotiate, analysts said the dispute could drag on for weeks. "I think it's going to take a while," said Nomura analyst Michael Nathanson.
April 19, 2011 |
After negotiating seriously with ESPN and Turner Sports, the NHL signed a new 10-year television deal that will keep games on NBC and Versus, where they have been for six years. The deal is worth $2 billion, according to two people with knowledge of the negotiations who could not speak publicly. In the expiring contract, Versus paid the NHL about $75 million per year. NBC, however, split profits with the league and paid no rights fees. That will change, although Dick Ebersol, chairman of the NBC Sports Group, declined to be specific Tuesday.
March 28, 2013 |
CBS Corp. this week acquired 50% of TV Guide Network for a relative bargain - a little more than $100 million. Consider that Al Jazeera, the Qatar-based media company, paid roughly five times more - a reported $500 million - to buy Current TV, the channel co-founded by Al Gore. Current was available in about 50 million homes in the U.S., and Al Jazeera saw the purchase as an efficient way to increase its distribution after struggling for years to gain carriage on U.S. cable systems.