Charter’s (CHTR - Free Report) Spectrum customers in the United States will not have access to Tribune Media’s channels as the retransmission agreement between the two companies failed to take off.
About six million subscribers in 24 markets will lose access to content such as local news, sports and entertainment provided by Tribune Media’s 33 local channels. Additionally, 14 million subscribers in the country will not have access to WGN America and other programming such as Pure and Elementary.
Charter and Tribune Media failed to negotiate over retransmission price. Notably, Tribune Media demanded twice the price for the same content, which Charter found to be unreasonable.
The programming blackout comes at a time when highly-anticipated college basketball games and National Football League (NFL) playoffs are expected to kick off. However, Charter has assured its users that most of Tribune Media’s programming is available for free on the Internet, per Deadline.
Charter Communications, Inc. Revenue (TTM)
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Charter’s (CHTR - Free Report) Spectrum customers in the United States will not have access to Tribune Media’s channels as the retransmission agreement between the two companies failed to take off.
About six million subscribers in 24 markets will lose access to content such as local news, sports and entertainment provided by Tribune Media’s 33 local channels. Additionally, 14 million subscribers in the country will not have access to WGN America and other programming such as Pure and Elementary.
Charter and Tribune Media failed to negotiate over retransmission price. Notably, Tribune Media demanded twice the price for the same content, which Charter found to be unreasonable.
The programming blackout comes at a time when highly-anticipated college basketball games and National Football League (NFL) playoffs are expected to kick off. However, Charter has assured its users that most of Tribune Media’s programming is available for free on the Internet, per Deadline.
Charter Communications, Inc. Revenue (TTM)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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