AT&T Statement on Rainbow Media Programming Agreement
DALLAS, July 14 -- Rainbow Media and its parent company Cablevision are threatening to take AMC, IFC and WE tv channels away from AT&T U-verse(R) TV customers. AT&T* has provided the following statement to update customers on its programming negotiations with Rainbow Media:
We are making every effort to reach a fair agreement and continue providing these channels to our customers. It's unfortunate that Rainbow Media, owned by Cablevision, is clearly not negotiating in good faith, is trying to charge significantly more than the average of what our TV competitors pay for these channels, and is acting in a way that harms competition and limits consumer choice.
We've made numerous proposals to reach a fair resolution before our current contract with Cablevision's Rainbow Media expires at midnight on July 14. However, Cablevision's Rainbow Media has rejected each of them, instead making unreasonable proposals that give it an unfair competitive advantage.
We don't want customers to lose their programming. We're fighting for a fair deal because our customers deserve the programming they want, at a fair price. We want to reach an agreement that is fair to our subscribers and for all parties.
U-verse TV customers can get more information at att.com/fighting4you.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(R) and AT&T |DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE(R) magazine.
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