Apollo Cox Stations Make Deal and Return to FiOS
The Cox Media stations acquired by Apollo Global Management have reached a retransmission consent deal with Verizon’s FiOS, ending a blackout.
The two sides failed to reach an agreement as the old pact expired on Dec. 31.
The deal restores the signals of Fox affiliates in Boston/Providence, Pittsburgh and Syracuse, as well as a bunch of digital networks and Pittsburgh Cable News. Viewers will be able to watch Sunday's NFL playoff game on Fox.
“We’ve been able to reach an agreement with the owners of WXPI, WFXT, and WSYT and will be able to restore their programming to our Fios TV customers shortly,” a FiOS spokesman said. “We appreciate the patience of our customers and value their business.”
Financial terms were not disclosed. Verizon had claimed that Cox Media had been seeing fee increase of more than 70%.
The Cox Media stations spread the news on their websites.
“We’re back on,” exclaimed WPXI.com. “We look forward to continuing to bring you the best local news, weather and your favorite NBC shows.
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Several broadcasters and distributors faced retransmission deadlines at end of the year. Most settled before or at the deadline, with Cox Media and Verizon enduring what turned out to be a short blackout and AT&T failing to reach a deal with Hearst. The Hearst stations remain off DirecTV and AT&T TV Now.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.