Charter’s (CHTR - Free Report) Spectrum customers in the United States will not have access to Tribune Media’s (TRCO - Free Report) 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)