Optimum denounces TEGNA’s 30% - 50% price hike demand for local channels, calling it unjustified.
In Long Island City, Optimum (NYSE: OPTU) has announced their firm rejection of TEGNA's recent demands concerning certain local ABC, CBS, FOX, NBC-affiliated stations, and the CW network. TEGNA is pushing for significant fee hikes that exceed market norms, demanding a substantial 30% raise for major network affiliates and a massive 50% increase for the CW. Optimum states that these rate increases are unwarranted and out of touch with current market conditions, portraying TEGNA's move as an effort to inflate costs without justification.
Source: Unusual Whales The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments