The broadcaster has begun to warn more than 1.5M viewers in 14 markets that its stations could disappear from Time Warner Cable and Bright House Network†systems at the end of next week unless the companies reach a new retransmission consent agreement. Stations at risk include LIN TV‘s NBC, CW, and MyNetworkTV affiliates in†Austin; CBS and CW stations in Buffalo, NY; NBC and CW outlets in Dayton, OH; and Fox and CW stations in Green Bay, WI. The two cable companies account for about 20.6% of LIN’s viewers, according to SNL Kagan data.†LIN says on its Buffalo CBS affiliate’s website that “It costs a substantial amount of money to produce local programming, bid for top-quality programming, invest in high-definition, and make other upgrades to equipment and technology so we can deliver a superior product.” It adds in a statement that it wants “less than what Time Warner pays for many of its cable networks with far lower ratings.” But Time Warner Cable spokesman Jon Gary Herrera says that LIN is asking for a 50% rate hike, “a very steep increase from a contract negotiated two years ago.” Stations and pay TV companies typically settle retransmission consent disputes at the eleventh hour. But LIN’s stations were blacked out on Time Warner Cable for 25 days in fall 2008 when negotiations reached an impasse.
TOKYO (AP) ó Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in interest rates. Japanese shares fell sharply.
The studio’s 1994 Jean-Claude Van Damme sci-fi actioner Timecop, spawned by the Dark Horse comic about a time-traveling law-enforcement unit, is getting the reboot treatment.
The quarterly outlay rises beginning July 1 to 30 cents a share from 27.5 cents for both the Class B stock (which the public owns) and Class A (79.4% owned by Chairman Sumner Redstone). This is the third increase in the three years since Viacom began paying a dividend. “Our solid balance sheet and strong cash flow provide us the flexibility for continued investment in our popular brands and properties while delivering substantial capital directly to stockholders through dividends and our ongoing†$10 billion†share repurchase program,” CEO Philippe Dauman says. The boost “underscores why we continue to like this stock” and makes Viacom’s dividend yield “one of the highest among the diversified entertainment companies,” says Wells Fargo’s Marci Ryvicker.†
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