Disney, Cablevision Reach Deal Without Dispute

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.

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.


Read/Post Comments (0) | Recommend This Article (3)

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 Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2044576, ~/Articles/ArticleHandler.aspx, 9/23/2014 4:33:59 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 7 hours ago Sponsored by:
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASD 4,527.69 -52.10 -1.14%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/22/2014 4:00 PM
CMCSA $55.86 Down -0.88 -1.55%
Comcast Corp CAPS Rating: ***
CVC $18.59 Down -0.58 -3.03%
Cablevision System… CAPS Rating: *
DIS $89.29 Down -1.20 -1.33%
Walt Disney CAPS Rating: *****

Advertisement