CBS Warns DirecTV, AT&T U-Verse May Drop Network

Variety | 7/16/2019 | Brian Steinberg
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Some of CBS Corp.’s biggest stations and its flagship network could be dropped from AT&T’s various cable and satellite services if a carriage agreement between the companies is not reached by July 19.

“CBS has reached timely, fair agreements with hundreds of other cable, satellite, telco and internet providers to carry our industry-leading, fan-favorite programming,” CBS said in a statement Tuesday.” AT&T, however, continues to propose unfair terms well below those agreed to by its competitors and may drop CBS unless we agree to those terms.”

DirecTV - TV - Customers - Subscribers - DirecTV

DirecTV serves around 22.4 million traditional TV customers and 1.5 million subscribers to DirecTV Now, its live-streaming service, AT&T disclosed in April.

AT&T has come under pressure to shed as much as $170 million of debt, after spending $85.4 billion to buy the company once known as Time Warner. The telecommunications giant has in recent months offered buyouts to employees of HBO and CNN, and witnessed an exodus of some of the top executives who once managed its new acquisition. CBS, meanwhile, is increasingly reliant on cable and satellite distributors to get its content out to millions of couch potatoes who watch programs ranging from...
(Excerpt) Read more at: Variety
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