Business
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Time Warner Cable Portrays Stalemate |
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Thursday, 19 July 2012 02:22 |
Time Warner Cable are negotiating with Hearst Television, but are attempting to create the illusion of a breakdown of the retransmission consent negotiation process.
Although Hearst Television presented Time Warner with a proposal yesterday that was within 5% of its offer to Hearst on July 9, Time Warner has failed to respond.
In 20 years of negotiations with distributors, Hearst Television has experienced only one brief disruption of service – this in contrast to multiple service disruptions involving Time Warner in recent years.
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In honor of the occasion, John Sinders, CEO, Clarkson Capital Markets and Jim Lawrence, Chairman, Marine Money will ring the Closing Bell.
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