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Time Warner Cable, CBS Reach Agreement on Fees

CBSNews -- Following a very public, month-long dispute between Time Warner Cable and CBS Corp. about transmission fees, the two companies have reached an agreement that will finally bring CBS content back to all TWC customers.

Following a very public, month-long dispute between Time Warner Cable and CBS Corp. about transmission fees, the two companies have reached an agreement that will finally bring CBS content back to all TWC customers.

A statement released by CBS Corp. said programming for all CBS channels, as well as Showtime, CBS Sports Network, the Smithsonian Channel, will resume for Time Warner Cable subscribers in New York, Los Angeles, Dallas and other affected markets at 6:00 p.m. ET.

"This was a far more protracted dispute than anyone at CBS anticipated, but in spite of the pain it caused to all of us, and most importantly the inconvenience to our viewers who were affected, it was an important one, and one worth pursuing to a satisfactory conclusion," said CBS CEO Leslie Moonves. "That has been achieved."

Time Warner Cable also said they were happy with the outcome.

"As in all of our negotiations, our main goal was to hold down costs and retain our ability to deliver a great video experience for our customers. We're pleased that we successfully achieved both," the cable company said in a statement.

Neither company disclosed details of the agreement.

Time Warner yanked programming of the CBS television network and the Showtime movie channel in several of its major markets late July after both sides failed to agree on high fees the cable company would pay CBS. In the public spat, both sides called the other unreasonable.

The disagreement centered mainly on how much Time Warner Cable pays for the right to retransmit signals from the CBS-owned stations.

The deal comes in time for football season and a rush of new shows that will begin in September.

Editor's note: CBS Corp. is the parent company of CBSNews.com

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