DirecTV and Time Warner Cable Tag Team the FCC
Hot Feature: Here’s Why The Netflix Moat Is Running Low
The Time Warner Cable VP of regulatory affairs says, “We explained that the retransmission consent fees demanded by broadcast stations continue to skyrocket and that the outdated regulatory regime, which prevents true marketplace negotiations, results in harm to consumers.”
Don’t Miss: Apple vs. Microsoft: The Coming TV Wars
DirecTV’s (NASDAQ:DTV) stock is up 3.22% to $42.34 on the news. Shares are up 6.04% year to date. The stock has traded in a 52-week range between $39.12 and $53.40.
Time Warner Cable’s (NYSE:TWX) stock is up 1.72% to $64.97 on the news. Shares are down 1.61% year to date. The stock has traded in a 52-week range between $50.36 and $80.86.