No End In Sight For Viacom-directv Stand-off

Analysts are expressing surprise that the carriage dispute between Viacom and DirecTV has now gone into a second week with no sign of a settlement. "We never thought a cable network with the scale of Viacom would be off the air for even a week," Evercore Partners analyst Bryan Kraft said in a note to clients today (Thursday) as he concluded that "the large distributors have more leverage than originally perceived when up against all but the largest programmers." Although a report in the Wall Street Journal on Wednesday indicated that DirecTV's competitors were not attempting to capitalize on the dispute -- supposedly because they realize that they could find themselves in a similar stand-off -- BTIG analyst Richard Greenfield pointed out today that "The reality is a VERY different story." Greenfield noted that Comcast, DISH, and Cablevision are each attempting to lure DirecTV subscribers who may be angered by the loss of the Viacom channels. However, he pointed out, most of those subscribers are currently merely waiting out the dispute, assuming that it will soon be resolved, while those who complain are being offered substantial reductions in their cable bill or discounts that can be applied over the next six months. Evercore's Kraft figured that DirecTV would have to lose 1.15 million customers before its subscription revenue failed to equal what it is currently saving by not paying Viacom for its channels.



Tags: Wall Street - Comcast - Dish


More Wall Street

Miley Cyrus Covers Up More Than Usual At FGI Night Of Stars Gala - Part 2

It truly was what it said on the tin at the Fashion Group International's 30th Annual Night Of Stars held at Cipriani Wall Street in...

Leonardo DiCaprio Shoots Scene On Wolf of Wall Street Set

'Inception' actor Leonardo DiCaprio is snapped shooting a scene on the set of his upcoming crime drama movie 'Wolf of Wall Street'. He is seen...


Sean Lennon And Friends Cover Material Girl At Occupy Wall Street

Singer songwriter and film scorer Sean Lennon; his girlfriend Charlotte Kemp Muhl; Charlotte's childhood friend Eden Rice; Rufus Wainwright and Dustin Hamman serenade the crowd...

Sean Lennon Snaps Occupy Wall Street Protestors

Singer songwriter Sean Lennon, his girlfriend Charlotte Kemp Muhl, and Charlotte's childhood friend Eden Rice (who is seen sitting in the background) visit the Occupy...



Wall Street Newsletter

Subscribe to this news alert service to receive news and reviews on Wall Street

Unsubscribe | Unsubscribe All