Printer Friendly

NBC REACHES RETRANSMISSION CONSENT AGREEMENTS WITH SEVEN MSO'S

 NEW YORK, Sept. 14 /PRNewswire/ -- National Broadcasting Company, Inc. (NBC) today announced it had reached agreements with seven cable operators, granting them the right to continue carrying the signals of television stations owned and operated by NBC. NBC's agreements are with Adelphia Communications Corp., Booth American Co., Columbia International, Inc., Jones Intercable Inc., Sammons Communications Inc., Simmons Communications Inc. and Triax Communications Corp., which together represent over 4.5 million cable subscribers nationwide and almost 890,000 subscribers in the NBC television station markets. The agreements were reached pursuant to the "retransmission consent" provisions of the Cable Act of 1992.
 NBC has already announced similar agreements with Time Warner Cable and Times Mirror Cable Television.
 The agreements announced today affect an estimated 150,000 cable subscribers in the Washington metropolitan area. Jones Intercable, Adelphia and Columbia all operate cable systems in the area.
 Under the multi-year agreements, the cable operators are also renewing and extending their carriage of CNBC, NBC's business and talk cable channel, and have agreed to distribute "America's Talking," a new cable programming service to be produced by NBC, with a national roll- out. "America's Talking" will feature talk and information about news events and other topical issues, and will include live and taped coverage to enhance the talk format. NBC receives license fees for CNBC and will receive license fees for "America's Talking" after launch. The precise financial terms were not disclosed.
 Concerning cable operators that own systems located in NBC affiliate markets, the agreements provide NBC's affiliated stations with the opportunity to negotiate with local cable systems to provide local inserts into "America's Talking," creating a basis on which they can reach their own retransmission consent agreements.
 NBC Executive Vice President and General Counsel, Richard Cotton, said: "With these seven agreements, NBC is well on its way to fulfilling the mandate of `retransmission consent' in a way that benefits our owned stations, cable operators, and the consumer. Our approach compensates NBC for the significant value of our owned stations, and it provides significant value to cable subscribers. NBC is also pleased that the agreements provide an opportunity for our affiliates to participate in our arrangement."
 Said Thomas S. Rogers, NBC executive vice president and president of NBC Cable: "These agreements further solidify the position of CNBC in the cable marketplace and enhance NBC's opportunity to build a new cable programming asset for the future. Millions of the subscribers served by the cable operators who have reached agreements with us today will now receive both the business and informational programming of CNBC and will have access to a new and exciting cable service -- `America's Talking.'"
 NBC's owned television stations are located in New York, Los Angeles, Chicago, Washington, Denver and Miami. Adelphia Communications owns systems in New York, Washington, and Miami; Booth American owns systems in Los Angeles; Columbia International owns systems in Washington; Jones Intercable owns systems in Los Angeles, Chicago, Washington, Miami and Denver; Sammons Communications owns systems in New York, Los Angeles, Denver and Chicago. Simmons Communications owns systems in New York, Los Angeles and Denver; and Triax Communications owns systems in Chicago.
 In Washington, Jones Intercable serves customers in Arlington, Charles, Calvert, St. Mary's and Anne Arundel counties, which include Alexandria, Fort Meyer, Annapolis and numerous surrounding areas; Adelphia serves customers in Page, Clark, Rockingham, Rappahannock, Warren, Augusta, Winchester and Frederick Counties; and Columbia serves customers in Fairfax and Prince William counties including Ft. Belvoir, Dale City and Woodbridge.
 -0- 9/14/93
 /CONTACT: Judy Smith of NBC, 212-664-7142/
 (GE)


CO: National Broadcasting Company; Adelphia Communications Corp.; Booth
 American Co.; Columbia International, Inc.; Jones Intercable Inc.;
 Sammons Communications Inc.; Simmons Communications Inc.; Triax
 Communications Corp. ST: New York IN: ENT TLS SU:


KD-DT -- DC041 -- 1987 09/14/93 18:21 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 14, 1993
Words:629
Previous Article:FIRST SOUTHERN BANCORP, INC. ANNOUNCES PLANS TO ACQUIRE PERPETUAL SAVINGS BANK, SSB OF LEXINGTON, N.C.
Next Article:TEAMSTERS ISSUES RESPONSE TO KMART'S DENIAL OF 'SPYING ON WORKERS'
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters