Charter’s Move to Preserve Pay-TV Bundle Sends Warning to Media Companies

Charter’s Move to Preserve Pay-TV Bundle Sends Warning to Media Companies

In this photo illustration, the Charter Communications logo is displayed on a smartphone screen.

Rafael Henrique ⁤|‍ SOPA Images⁣ | Lightrocket | Getty ⁢Images

Charter⁢ Communications CEO Chris ​Winfrey​ wants⁣ the‍ pay-TV bundle to live.

He also thinks the industry should ‍get on board with a new model.

The CEO of one of the​ largest cable ⁢companies in the U.S. on Friday put media content companies on notice that negotiations would look different after Disney-owned networks went dark ⁣on Charter’s Spectrum service.

The so-called blackouts have gone on for decades and usually ‌stem​ from a battle over ​rising fees — when programmers like Disney want higher rates and ​pay-TV distributors like Charter balk at paying up. Usually, the demand for⁣ sports events like the U.S. ⁣Open, which ⁤is in full swing, or the upcoming NFL season, help to prevent channels going dark for customers.

But this ‍time it’s different, ⁣Winfrey⁤ said on a Friday⁢ call with investors.

The pay-TV model is broken, said Winfrey, the CEO of…

2023-09-01 ‍15:02:27
Post from www.cnbc.com

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