Cablevision Systems drops Food Network, HGTV networks
–(www.FinancialNewsUSA.com)– 01/04/2010 – US Market industry news provided by Financial News USA.
Cablevision Systems, a New York-area cable provider, said Friday it was no longer carrying The Food Channel and HGTV, two channels operated by Scripps Networks Interactive, in a dispute over distribution rights fees.
“We are sorry that Scripps’ current financial difficulties are making it impossible for them to continue our relationship on terms that are reasonable for Cablevision and our customers,” Cablevision said in a statement. “We wish Scripps well and have no expectation of carrying their programming again, given the dramatic changes in their approach to working with distributors to reach television viewers.”
“Viewers love our talent and our shows, which is why Food Network and HGTV rank among the top networks in cable,” said Kenneth W. Lowe, chairman of Scripps Networks Interactive (SNI), in a statement. “But our valuable networks simply are not being compensated like top ten networks by Cablevision.”
Scripps says it has launched viewer Web campaigns aimed at getting the two networks back on Cablevision.
Cablevision says it serves 4.7 million households and 600,000 businesses in the New York area. About Financial News USA
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