Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

DIRECTV Responds To Tribune Statement - Quick Facts

RELATED NEWS
Trade DTV now with 

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.

Click here to receive FREE breaking news email alerts for DIRECTV Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Consumer confidence in the U.S. improved for the third consecutive month in July, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in almost seven years. Stocks have moved mostly higher in early trading on Tuesday after ending the previous session roughly flat. The major averages have climbed into positive territory, although there does not seem to be much conviction behind the upward move. Home prices in major U.S. metropolitan areas continued to increase at a slower pace in the month of May, Standard & Poor's revealed in a report released on Tuesday. The report said the S&P/Case-Shiller 20-City Composite Home Price Index increased at an annual rate of 9.3 percent in May compared to the 10.8 percent growth reported for April.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.