Disney, Cablevision Reach Deal Without Dispute (CMCSA, CVC, DIS)

Disney, Cablevision Reach Deal Without Dispute

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

NEW YORK (AP) — Disney (NYSE: DIS ) and Cablevision Systems (NYSE: CVC ) announced a multiyear deal on Thursday that gives Cablevision's TV subscribers new access to ESPN on mobile devices and gives Disney its first distributor for a 24/7 news channel aimed at Hispanic audiences.

Financial terms of the deal were not disclosed.

The agreement is a notable change from a public dispute two years ago, when Cablevision subscribers lost about 15 minutes of the Oscars telecast on Disney's ABC because of a blackout stemming from a fight over fees. That fight was due in part to a new Disney demand to be paid in cash for carrying ABC signals, which it previously offered for free. With that dispute behind them, the companies were able to discuss new services.

Channel blackouts have become more common over the last few years as TV distributors and media companies have fought over increasing fees. But deals that add mobile access to channel packages, like the kind that Disney and Comcast (Nasdaq: CMCSA ) announced in January, have helped smooth over differences.

In total 70 channels or services are included in the new contract with Cablevision. Among them is an around-the-clock news channel, a joint venture between ABC News and Univision, which aims to target young Hispanic audiences with English-language content.

Cablevision shares rose 27 cents, or 1.6 percent, to $16.74 in afternoon trading Thursday. Disney shares rose 3 cents to $52.50.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

The Motley Fool owns shares of Walt Disney. Motley Fool newsletter services recommend Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.