LIN TV Corp. (NYSE: TVL), a local television, digital media and online news company, announced today that negotiations with Cable One, Inc., a cable provider in New Mexico, where LIN TV owns and operates the FOX affiliate KASA-TV, appear unlikely to result in a retransmission consent agreement. As a result, LIN TV expects Cable One to discontinue carriage of its television station when the current contract expires on December 15, 2007. LIN TV has challenged cable companies, such as Cable One, to pay for the fair market value of its stations� signals, so that it can continue providing the premium news, sports, entertainment, and other local programming that is most important to viewers. LIN TV successfully reached an agreement with Cable One for its sister station, Albuquerque�s CBS affiliate KRQE-TV, and is hoping to reach a comparable agreement for KASA-TV. KASA-TV (KASA FOX 2) broadcasts some of the region�s most popular sports and entertainment programming, including the Cotton Bowl, Sugar Bowl and Fiesta Bowl, all airing on January 1; the Orange Bowl on January 3; the NFL�s NFC Wildcard playoff on January 6; the BCS National Football Championship game between the Ohio State Buckeyes and the Louisiana State Tigers on January 7; the NFL�s NFC Divisional playoff games on January 12 and January 13; the NFL�s NFC Championship game on January 20; the season premiere of American Idol on January 15; and Super Bowl XLII on February 3. KASA FOX 2 also airs highly-rated primetime programming, such as House and Are You Smarter Than a 5th Grader, along with popular syndicated programming such as the The Simpsons. The station airs New Mexico�s only primetime local news at 9:00 pm and has invested millions of dollars to broadcast this premium programming in state-of-the-art digital high-definition. In the event that KASA FOX 2�s signal is pulled, viewers may watch the station�s programming through alternative means such as satellite or an over-the-air antenna. �We only want what is fair for our local FOX station,� said LIN TV�s Executive Vice President Digital Media Gregory M. Schmidt. �Cable One continues to pay money to niche cable programmers, with substantially less viewing.� �We have successfully reached agreements with other subscription-based television services, including cable operators, telephone companies and satellite providers, all of whom have acknowledged the fair market value of LIN TV�s stations. We hope to reach a comparable agreement for KASA-TV,� added Schmidt. About LIN TV LIN TV Corp., along with its subsidiaries (�LIN TV� or �the Company�), is one of the largest television station groups in the country. The Company creates and delivers superior local news and community stories, along with top-rated entertainment programming to 9% of U.S. television households, reaching an average of 11.5 million households per week. LIN TV has a strong, diversified station portfolio with 29 owned and/or operated television stations and websites in 17 U.S. markets, located primarily in the top 75 designated market areas, according to Nielsen Media. LIN TV has and continues to identify and implement innovative business strategies, including being an early adopter of digital television, in order to provide superior viewing quality to its customers. Financial information and overviews of its stations are available at www.lintv.com.
Lin TV (NYSE:TVL)
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