Bloomberg is reporting the Federal Communications Commission has stepped in to resolve the long running dispute between Time Warner Cable and CBS.
“The commission is engaged at the highest levels with the respective parties and working to bring the impasse to an end,” agency spokesman, Justin Cole said. “We urge all parties to resolve this matter as quickly as possible so consumers can access the programming they rely on and are paying for.”
According to AdWeek, the dispute has left more than 3 million cable subscribers without CBS shows. The dispute over retransmission fees has stretched into its 26th day and includes major markets such as New York, Chicago, Los Angeles and Dallas.
Though it remains to be seen just what the FCC is doing to end the impasse, the news of its involvement comes after the commission’s acting Chair Mignon Clyburn said she was “really distressed” over the dispute.
Bloomberg also reports a Time Warner spokesperson told them company executives have updated the commission on the status of negotiations twice in the last seven days. They said CBS declined to comment.
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