Monday, November 14, 2005

Nexstar v. Adams Cable: Round 2

Nexstar Broadcasting has fired another round against Adams Cable in the ongoing dispute over retransmission fees for WBRE/WYOU. In this statement, GM John Dittmeier basically says, "We're right, they're not." It's the same argument Nexstar's made in Texas and Arkansas, where they've gone after cable operators for retransmission fees. As I've said before, both sides are going to point and whine, and the subscribers will probably get screwed, either way.

The least Nexstar could do is change the template letter they yanked from this Texas affiliate. Cox Internet doesn't offer cable service in this area. Whoops!

UPDATE: Adams Cable chimes in with their side of the story. Here's a particularly biting comment:

Nexstar Broadcasting’s stock was trading at $14 two years ago. It now trades near $4. In September, Nexstar posted an $8.9 million LOSS for the third quarter of 2005 alone! They are struggling to manage a business that brings in millions from a number of sources. They are desperate for cash and decided that they could use their power to start charging consumers for their free station.

Ba-zing.

6 Comments:

Anonymous Anonymous said...

Yep, it's just about word-for-word lifted from that memo from Texas, including the reference to Cox cable. That's the kind of thing I love to see issue forth from the people in charge. And they wonder why we can barely tolerate sitting through meetings and listening to them drone on about this, that, and the other thing...knowing full well that in all likelihood, the family dog has as much if not more smarts than the pontificating blowhard going on and on keeping you from doing your job.

6:32 PM  
Anonymous Anonymous said...

Ok, let me see if I have this right. The cable gods pay ESPN, A&E, NICK, to carry their signals, but don't want to pay 16, 28, 22, 56 and 44, the local stations for their signals, which more people watch? Right?

4:15 PM  
Anonymous Anonymous said...

Perhaps WYOU and WBRE, along with the News Alliance should have a "keep us from filing bankruptcy" telethon. It would likely raise more money than the extortion attempt with the cable companies.

4:06 AM  
Anonymous Tom Carten said...

SETV's argument used to be that they traded off promo ads for payment. Is this still the case and do the other cable companies do the same?

10:40 AM  
Anonymous Anonymous said...

Howard where are you???

I need my fix!

12:41 PM  
Blogger Howard Beale said...

Blame the lack of updates on my flaky Internet connection. Everything's back to normal now.

6:11 PM  

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