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TIME WARNER CABLE PLEDGES TO NOT TAKE MSG OFF THE AIR

TWC agreed to pay original MSG asking price; MSG reneged

Release Date: 12/19/2011

(New York, NY) –Time Warner Cable today reiterated its pledgeto not take MSG off the air through the NHL and NBA seasons.

"We will not remove MSG/MSG+ from our New York cable systems,” said Mike Angus, Senior Vice President, Content Acquisition for Time Warner Cable. “That ball is in MSG’s court."

"Time Warner Cable and our customers have stood by MSG and its teams through thick and thin,” Angus continued. "Our customers have paid whether the teams won or lost; they deserve better."

“While we continue to work through this issue, we are offering to continue carrying MSG/MSG+ at a 6.5% increase through the end of the 2011-2012 NBA and NHL seasons,"Angus wrote in a letter to MSG Media President Michael Bair. "You have our commitment to work hard to reach an agreement that will assure our customers continued access to MSG's teams for years to come."

After pulling their original ask for a 6.5% increase in fees off the table, today MSG is demanding a 53% increase in fees over what Time Warner Cable paid in 2011.

"Programming costs are skyrocketing, and we work very hard to negotiate lower fee increases to keep our customers’ bills as reasonable as possible. 53% is not reasonable in anybody’s book – I doubt many of our customers got a 53% raise this year," Angus said.

MSG is demanding carriage of Fuse as a condition to Time Warner Cable's distribution of MSG/MSG+, at a cost of millions of dollars. "Fuse is watched by fewer than one-tenth of one percent of the customers who have it available – that’s just 4,000 customers out of more than 7.4 million. Asking our customers to pay millions for a channel they clearly don’t want and don’t value is nothing more than a tax on New York sports fans.

“We’re hopeful that MSG will put fans first and do the right thing for their viewers and our customers,” Angus added. “We’re willing to pay a reasonable increase and we’re willing to keep the channels on while we negotiate. We are hopeful that we’ll be able to reach agreement without putting New York sports fans in the middle of this dispute.  We think these customers deserve better.”

For more information on the MSG dispute and a full version of TWC’s letter to MSG, please visit www.twcconversations.com.

About Time Warner Cable

Time Warner Cable Inc. (NYSE: TWC) is among the largest providers of video, high-speed data and phone services in the United States, connecting more than 14 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and phone services to businesses of all sizes, cell tower backhaul services to wireless carriers, and through its NaviSite subsidiary, enterprise-class hosting, managed application, messaging and cloud services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.timewarnercable.com, www.twcbc.com, www.navisite.com, and www.twcmedia.com.

Contact

Alex Dudley
(212) 364-8228
(917) 886-8053

Maureen Huff
(212) 364-8206
(917) 817-0011

 

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