LOS ANGELES, Sept 1 — Walt Disney and Charter Communications traded salvos over their unresolved distribution agreement after several channels including ESPN went dark yesterday for customers of Charter’s Spectrum cable service.
“The rising cost of programming is the single greatest factor in higher cable TV prices and we are fighting to hold the line on programming rates imposed on us by companies like Disney.” “Disney might have more to lose than Charter,” Rosenblatt Securities said, predicting that it could lose billions in profits each year from its traditional TV business if an agreement was not reached.
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