CBS, Time Warner reach content agreement
NEW YORK — CBS and Time Warner Cable have ended their payment dispute and expect programming to resume in millions of homes by 5 p.m. CST on Monday.
The agreement ends a monthlong blackout of CBS and CBS-owned channels including Showtime Networks, CBS Sports Network, the Smithsonian channel that affected three million homes in Dallas, Los Angeles and New York and began Aug. 2.
Specific terms of the deal were not disclosed.
The agreement includes retransmission fees that the cable operator pays to CBS per subscriber, which had been a sticking point.
Added pressure was on the two companies to reach an agreement since the start of football season, plus the U.S Open tennis tournament, are slated for next weekend.
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