A retransmission fee battle between Dish Network and Raycom Media cut off the satellite company's broadcasts of network affiliates in 36 markets at the beginning of this month, but it's finally over. A press release from Dish Network indicates they have reached an agreement and affected stations will be restored overnight. There's no word on exactly what the terms of the new deal are, but we'll probably have a better idea when the next round of rate hikes arrives. That's one battle down, now we'll wait to see if CBS and Time Warner Cable can find some middle ground.
DISH and Raycom Reach Agreement in 36 Markets
ENGLEWOOD, Colo. & MONTGOMERY, Ala.--(BUSINESS WIRE)-- DISH (NASDAQ: DISH) and Raycom Media, Inc. today announced an agreement regarding the continued retransmission of Raycom TV stations in 36 markets. Service to DISH customers in the affected markets is expected to be restored overnight.
Terms of the agreement between DISH and Raycom were not disclosed.
DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH Network L.L.C., provides approximately 14.014 million satellite TV customers, as of June 30, 2013, with the highest quality programming and technology with the most choices at the best value, including HD Free for Life®. Subscribers enjoy the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation's subsidiary, Blockbuster L.L.C., delivers family entertainment to millions of customers around the world. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.
Raycom, an employee-owned company, is one of the nation's largest broadcasters and owns and/or provides services for 52 television stations in 36 markets and 18 states. Raycom stations cover 12.6% of U.S. television households and employ nearly 3,600 individuals in full and part-time positions. In addition to television stations, Raycom owns Raycom Sports and Tupelo-Honey Productions.
Raycom Media is headquartered in Montgomery, Alabama.