logo
Share SHARE
FONT-SIZE Plus   Neg

DIRECTV Responds To Tribune Statement - Quick Facts

Satellite television provider DIRECTV Inc. (DTV: Quote) Saturday responded to a news that Tribune Broadcasting has denied reaching a settlement with the company regarding contract negotiations.

DIRECTV said that it is extremely perplexed as the company and Tribune management had a handshake deal Thursday with an agreed upon rate for their channels. The company stated that Tribune's actions are tantamount to bad faith in every sense of the term.

In a statement, DIRECTV said, "We can't help but wonder whether Tribune's ability to negotiate a reasonable retransmission agreement with DIRECTV is being undermined by the complexities and competing interests in their lengthy bankruptcy process..."

"Threatening station blackouts to extract an exorbitant fee for all of Tribune's content may provide an improved return for certain banks and hedge funds, but is not in the interest of its viewers and is not a cure for bankruptcy," the company added.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Gas explosion in Fresno in California injured 11 people on Friday afternoon. Pacific Gas and Electric Co. (PG&E) said workers who are not affiliated with the company have struck a 12-inch natural gas transmission pipeline and the gas leaked was ignited due to the dig-in. Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying.
comments powered by Disqus
RELATED NEWS
Trade DTV now with 
Follow RTT