Cablevision Systems Corp.(CVC) issued a statement regarding the blackout of WPIX and other Tribune Company-owned stations on Cablevision.
In the statement, Cablevision Systems said that Tribune and their hedge fund owners are demanding tens of millions in new fees for WPIX and other stations they own. They should stop their anti-consumer demands and work productively to reach an agreement, Cablevision said.
The bankrupt Tribune Company and the hedge funds and banks that own it, including Oaktree Capital Management, Angelo Gordon & Co. and others are trying to solve Tribune's financial problems on the backs of Cablevision customers, Cablevision noted.
Cablevision Systems stated that WPIX and a number of other Tribune-owned stations carried in portions of Cablevision's service area have been blacked out. The other stations are: WCCT (CW), carried in a small portion of Connecticut; KWGN (CW) carried in some Optimum West markets, and WPHL (MyNetwork), which had been available in a small portion of New Jersey.
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