Hearst Television, Inc. - Press ReleasePress Release

NEWS

HEARST-TIME WARNER CARRIAGE ISSUE

NEW YORK CITY, July 10, 2012 - Following months of negotiations, the efforts of Hearst Television to achieve a new carriage agreement with Time Warner Cable, as well as for Bright House and Insight, for which Time Warner Cable has negotiating authority, reached an impasse last evening, and, as a result, various Hearst television stations are now not being carried by Time Warner Cable, Bright House, and Insight systems. The Hearst stations listed below are affected.

The current carriage agreement expired at midnight June 30, but, to avoid a potential disruption of service and inconvenience to subscribers during the Fourth of July week, Hearst Television granted Time Warner Cable an extension, while negotiations continued, until last evening at midnight.

Hearst Television's President, David Barrett, said, "The parties ultimately could not come to terms on fees. The fees we are asking are based on the fees we are being paid (with no disruption of service) by other cable companies in over 150 other recently concluded agreements--this fact is the real measure, not Time Warner's exaggerated and distorted claims, of the fairness of our proposal.

"This," Barrett said, "contrasts with Time Warner's disruptions of service and withdrawal of carriage of local television stations in other cases.

"Time Warner's characterization of the percentage increase in carriage fees we are seeking is inaccurate. We have sought a reasonable increase consistent with the increased costs we have to pay for our highly valued programming and the carriage fees now paid to us by Time Warner's competitors. Time Warner is seeking a significant discount of market-based fees that is neither fair nor reasonable.

"We sincerely regret the inconvenience Time Warner Cable has imposed on its subscribers and those of Bright House and Insight, and we will continue to negotiate.

"Contrary to Time Warner's claim, we have not 'blacked out' our station," Barrett noted. "Viewers may continue to receive our stations for free, over the air, or by satellite from DIRECTV or DISH, and, in many areas, from other cable operators."

Hearst Television, a national multi-media company, owns and operates 29 local television stations and two local radio stations, serving 30 U.S. cities and reaching approximately 18% of U.S. television households. The TV stations broadcast 60 video channels, featuring local and national news, weather, information, sports and entertainment programming, and local community service-oriented programs. The stations also host and operate digital on-line and mobile platforms that extend the company’s brands and content to local, national and international audiences. Hearst Television is recognized as one of the industry’s premier companies, and has been honored with numerous awards for distinguished journalism, industry innovation, and community service. Hearst Television is a wholly owned subsidiary of Hearst Corporation. The Company’s Web address is www.hearsttelevision.com.

Hearst Stations And Markets Affected

KETV    
Omaha
KITV    
Honolulu
KMBC/KCWE    
Kansas City
WCVB Boston    
(Manchester)
WESH/WKCF    
Orlando
WLKY    
Louisville
WLWT    
Cincinnati
WMOR    
Tampa
WMTW    
Portland, Maine
WMUR    
Boston (Manchester)
WPTZ    
Burlington-Plattsburgh
WTAE    
Pittsburgh
WXII     Greensboro-Winston Salem
In addition, WISN, Milwaukee, is operating with a further interim extension with Time Warner