Time Warner Cable (NYSE:TWC) and the Tribune Co. agreed to a new multiyear retransmission agreement affecting broadcast television stations in New York, Los Angeles, Dallas, San Diego, and Indianapolis, according to a joint press release. The new agreement includes Tribune Co.’s expanded station portfolio, which reaches areas farther afield and will soon include local television holdings stations in Cleveland, Milwaukee, and Kansas City.
Time Warner Cable is one of the largest cable operators in the United States, providing video, high-speed data and voice services to more than 15 million customers. Tribune Co. is a multimedia corporation based in Chicago that owns and operates more than 23 television stations throughout the country.
Tribune is also the second largest newspaper publisher, behind Gannett Co., and owns publications throughout the country including the Los Angeles Times, Chicago Tribune, The Baltimore Sun, Sun Sentinel, and Hartford Courant.
The recent deal also covers Tribune’s WGN America, which will continue to be distributed by Time Warner.