Originally published: September 11, 2013
Last updated: September 16, 2013 - 11:36am
CBS CEO Les Moonves said his company's bottom line was hardly impacted by the month-long retransmission consent battle with Time Warner Cable.
"Our national ad dollars did not go down. There were no such things as make goods," Moonves said. When the blackout was over, CBS's ratings popped back up. "There was no harm done financially to CBS Corporation." CBS was also paid its retransmission fees retroactively, sources said. Moonves said that the fight was necessary because CBS needed to get paid for its content, and to be able to put that content in new venues where consumers are watching. One of the new ways CBS is monetizing its content is with streaming companies like Amazon, which paid for part of the production of the network's summer hit Under the Dome. Amazon had the rights to stream Under the Dome four days after it was broadcast, an arrangement that didn't dampen the shows performance on CBS, with viewership of about 20 million a week.
- Time Warner Cable Says It Lost Customers in Blackout
- Are These TV's Next Big Blackouts?
- Time Warner Cable Reports Record Quarterly Loss of TV Subscribers
- Time Warner Cable Proposes End to CBS Blackout
- FCC's Rosenworcel: Viewers Should Get Refunds For Long Retransmission Blackouts
- Retransmission Reform Advocates Pin Hopes On Satellite Bill
- Ad Wars Heat Up in Washington Over Retransmission Reform
- Bold Play by CBS Fortifies Broadcasters
- CBS and Time Warner Cable End Contract Dispute
- Mediacom: FCC Is Effectively Siding With LIN on Retransmission
- Dish Calls for Local TV Carriage Rules Reform
- For CBS Chief, It's About Survivors
- DC Reacts to TWC-CBS Retransmission Resolution
- Free State Panelists Free to Hammer Retransmission
- Les Moonves Says Cable Operators Should Pay Up For Popular Networks: UBS Confab