11 Jan Tribune Broadcasting and Charter Communications Reach Retransmission and Carriage Agreement
Comprehensive Contract Covers Tribune’s Local Television Stations and Cable Net WGN America
Chicago, Jan. 11, 2019–Tribune Broadcasting, a subsidiary of Tribune Media (NYSE: TRCO), and Charter Communications, Inc., today announced that they have reached a comprehensive agreement to restore retransmission of Tribune Broadcasting’s local television stations and carriage of the company’s cable entertainment network, WGN America, to Spectrum’s cable systems.
The companies issued the following joint statement regarding the agreement:
“We are pleased to have reached this agreement that will return Tribune Broadcasting’s local television stations and WGN America to Spectrum customers and Tribune’s viewers.”
Specific terms of the agreement were not disclosed.
Tribune Media Company (NYSE: TRCO) is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM, the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel.
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Charter Communications, Inc. is a leading broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced residential broadband services, including Spectrum TV® programming, Spectrum Internet®, Spectrum Voice®, and Spectrum Mobile™. Under the Spectrum Business® brand, Charter provides scalable, and cost-effective broadband communications solutions to small and medium-sized business organizations, including Internet access, business telephone, and TV services. Through the Spectrum Enterprise brand, Charter is a national provider of scalable, fiber-based technology solutions serving many of America’s largest businesses and communications service providers. Charter’s advertising sales and production services are sold under the Spectrum Reach® brand. Charter’s news and sports networks are operated under the Spectrum Networks brand. More information about Charter can be found at newsroom.charter.com.