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After CBS and Verizon reach a new deal, Les Moonves claims Time Warner turned down 'exactly the same deal'

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CBS and Verizon have officially reached a three-year content carriage agreement, which allows for “continued retransmission of CBS owned stations and wider distribution of CBS Sports Network on Verizon’s FIOS TV in multiple markets across the country,” according to a press release.

The deal ensures distribution of CBS-owned stations in multiple Verizon markets, such as New York, Los Angeles, and Dallas, areas that are also home to Time Warner Cable subscribers.

“We are very pleased to reach this agreement with Verizon and its FIOS service,” said Ray Hopkins, CBS Corporation president for Television Networks Distribution. “This deal was reached in a short period of time, and CBS has once again achieved fair value for our over-the-air rights. Verizon is a distribution partner of growing importance to us that provides excellent service to its expanding number of subscribers, and we are glad that this partnership will continue and grow.”

This deal with Verizon now puts the spotlight back on Time Warner Cable, particularly after CBS CEO Leslie Moonves sent a memo to his staff claiming that TWC was offered a very similar deal and has yet to move toward an agreement. “You should know that Time Warner Cable has been offered almost exactly the same deal for CBS carriage to which Verizon has agreed,” Moonves said in the memo.

Read Moonves’ entire memo to his staff below:
READ FULL STORY

CBS head Leslie Moonves responds to Time Warner Cable's 'a la carte' offer

CBS president and CEO Leslie Moonves has responded to an open letter released by Time Warner Cable chairman and CEO Glenn Britt yesterday with his own open letter, which calls Britt’s proposal to offer CBS on an “a la carte” basis both an empty PR gesture.

Contract disputes have left Time Warner Cable customers in New York, LA, and other markets without CBS since Friday afternoon.

Moonves begins by taking a jab at Britt, criticizing him for simultaneously releasing his letter to both CBS’s upper management and the media. He goes on to accuse Britt of “grandstanding” rather than attempting true negotiation: “First, after reviewing your letter, we have concluded that there is not a sincere or helpful proposal in it. It is, rather, a well-wrought distraction.” READ FULL STORY

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