Tegna deal with AT&T avoids blackout

Monday, Dec 07, 2015

Tegna said it reached a retransmission consent deal with AT&T that means subscribers of DirecTV and U-verse sufferered no interruption of service.

The companies' previous agreement expired Thursday night, and the two sides agreed to an extension and continued negotiations.

Tegna, formerly Gannett, has 46 TV stations including major network affiliates in the top 25 markets.

A blackout would have meant no football this weekend for millions of viewers, giving the broadcaster a lot of leverage at this time of year. As the first deadline came and went, each side blamed the other for the impasse and potential blackout.

Financial terms of the settlement were not disclosed.

In its third-quarter-arnings announcement, Tegna said retransmission revenues rose 19% to $109 milllion. The figure includes reverse compensation paid to the networks.

Tegna reached a long-term retransmission deal with Dish Network in October.

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