CBS INKS Agreement with Nexstar and 4 Media Titans Making Waves

Time Warner Cable Inc. (NYSE:TWC): In a ruling which may give Time Warner Cable and other cable MSOs more flexibility for the replacement of stations lost in retransmission-consent blackouts, a federal judge denied a request from Nexstar Broadcasting for a restraining order intended to prevent the delivery of its stations to distant markets. Nexstar sued Time Warner Cable in July, following the MSO’s delivered signals from Nexstar stations which it carries in small markets like Wilkes-Barre, Pa., for the replacement of the feeds from Hearst Television stations which were lost after the expiration of its retransmission-consent deal. Nexstar complained that it was being used as a pawn in the MSO’s dispute with a fellow broadcaster. However, a judge at U.S. District Court for the North District of Texas stated last week that there was no language in Time Warner Cable’s agreement with Nexstar able to prevent the broadcaster from allowing the MSO to transport its signals to distant markets impacted by retransmission-consent blackouts. Time Warner Cable reached a deal with Hearst in July, after a 10-day blackout.

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CBS Corporation (NYSE:CBS): Nexstar Broadcasting (NASDAQ:NXST) has entered into long-term agreements through December 2018 with the CBS Television Network for eight stations which it owns and operates. The Nexstar-owned CBS-affiliated stations are KLBK in Lubbock, Texas; KLST in San Angelo, Texas; KTAB in Abilene-Sweetwater, Texas; WCIA in Champaign-Springfield-Decatur, Illinois; WFRV in Green Bay, Wisconsin; WJMN in Marquette, Michigan; WMBD in Peoria-Bloomington, Illinois; and WROC in Rochester, New York. Also, Mission Broadcasting, Inc. has entered into a new long-term affiliation agreement for its CBS-affiliated station KOLR in Springfield, Missouri.

Comcast Corporation (NASDAQ:CMCSA) spent $469.7 million to market its Xfinity products during Q2, using more money on advertising than any other telecom company, Kantar Media stated on Monday. The nation’s largest cable MSO saw its marketing spending rise 12.8 percent versus the Q2 of 2011, but its advertising budget was lowered by $13 million compared to the 2012’s Q1, according to Kantar.

News Corp. (NASDAQ:NWSA): New distributor Twentieth Century Fox revealed DreamWorks Animation SKG, Inc.’s (NASDAQ:DWA) feature film release slate for 2013 to 2016, including twelve CG animated films in four years.

Viacom, Inc. (NYSE:VIA): Now, Time Warner Cable (NYSE:TWC) customers have another way to enjoy Viacom programming at anytime, anywhere. Along with watching Viacom networks via TWC TV, which brings live TV with no additional cost to customers on their computers, iOS, and Android devices within the home, they will now be able to access an expanded lineup of full-length episodes from BET, COMEDY CENTRAL, MTV, Nickelodeon, Spike and VH1 wherever and whenever they want on the Web.

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