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UPDATE: Cablevision and ABC make a deal

Written by Andre Yoskowitz (Google+) @ 07 Mar 2010 21:03

UPDATE: Cablevision and ABC make a deal

Update to our previous article (reposted below):

Cablevision and ABC have come to a deal, 45 minutes after the start of the Oscars. More word on the agreement when it is finalized.

Original article:

Disney has blacked out the broadcast channel ABC for Cablevision's 3 million subscribers, the day of the highly-anticipated Academy Awards.

Cablevision says it's willing to restart negotiations with Disney, along with a third-party arbitrator, to end the spat over transmission fees.

The cable company has a decent monopoly over the Bronx, Queens, Brooklyn and parts of NJ and Connecticut.

"Given the extraordinary public interest in this matter, Senator (John) Kerry and other public officials have suggested that arbitration is appropriate in this highly unusual situation," added Charles Schueler, Cablevision's executive vice president of communications. "Cablevision will agree to binding arbitration and calls upon Disney CEO Bob Iger to immediately return ABC to New YOrk area viewers and join us in binding arbitration to resolve this matter fairly."

ABC says they have put forward a counter-offer this afternoon.

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