MSG & Time Warner Cable Reach Tentative Agreement

February 17, 2012 Updated Feb 17, 2012 at 8:00 PM EDT

By WKBW News

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MSG & Time Warner Cable Reach Tentative Agreement

February 17, 2012 Updated Feb 17, 2012 at 8:00 PM EDT

NEW YORK, NY ( NYTimes.com / MSG/ WKBW ) The New York Times is reporting that the 48-day standoff between the MSG Network and Time Warner Cable ended Friday.

The report states that a settlement had been urged by Eric T. Schneiderman, the state’s attorney general. The governor’s intervention in the past 24 hours with James L. Dolan, executive chairman of Madison Square Garden, and Glenn Britt, chief executive of Time Warner Cable, accelerated the agreement, which is a long-term deal.

Governor Andrew Cuomo issued this statement Friday afternoon:

"I applaud both Mr. Dolan and Mr. Britt and their companies. I thank them for being responsive to the needs of New Yorkers."

Read the full report from the New York Times at the news links section of WKBW.com

Here is a release from MSG:
MSG MEDIA AND TIME WARNER CABLE REACH TENTATIVE AGREEMENT

New York, NY, February 17, 2012 - MSG Media is pleased to have reached a tentative agreement with Time Warner Cable for carriage of our networks – MSG, MSG+ and Fuse, effective immediately, including tonight’s 8:00pm match-up between the New York Knicks and the New Orleans Hornets, as well as the Devils and Sabres games. We would like to thank Governor Andrew Cuomo for his leadership in helping us resolve this matter. We would also like to thank Attorney General Eric Schneiderman and NBA Commissioner David Stern, whose assistance helped allow the parties to reach an agreement. We are committed to providing our fans with award-winning programming that continues to warrant their loyalty and allegiance, and we thank them for their patience.

Here is the release from Time Warner Cable:

TIME WARNER CABLE REACHES VERBAL AGREEMENT
WITH MSG MEDIA

BUFFALO, NY, February 17, 2012 –Time Warner Cable has reached a verbal agreement for carriage of MSG, MSG+ and Fuse, effective immediately. MSG will return to Time Warner Cable’s lineup in time for tonight’s Knicks, Sabres and Devils games. Time Warner Cable expressed appreciation for the concern and encouragement provided by Governor Andrew Cuomo, as well as New York State Attorney General Eric Schneiderman and NBA Commissioner David Stern.

Terms of the agreement were not disclosed.

About Time Warner Cable

Time Warner Cable Inc. (NYSE: TWC) is among the largest providers of video, high‐speed data and voice services in the United States, connecting more than 14 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and, through its NaviSite subsidiary, managed and outsourced information technology solutions and cloud services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.timewarnercable.com, www.twcbc.com, www.navisite.com, and

About MSG Media

MSG Media is a leader in production and content development for multiple distribution platforms, including content originating from MSG’s venues. MSG Media consists of the MSG Networks (MSG, MSG Plus, MSG HD and MSG Plus HD) regional sports networks and the Fuse Networks (Fuse and Fuse HD), a national television network dedicated to music. MSG Media is also responsible for managing interactive initiatives (online, mobile, VOD and iTV) across all business segments. MSG Media is part of The Madison Square Garden Company, a fully-integrated sports, media and entertainment business. The Company is comprised of three business segments: MSG Sports, MSG Media and MSG Entertainment, which are strategically aligned to work together to drive the Company’s overall business, which is built on a foundation of iconic venues and compelling content that the Company creates, produces, presents and/or distributes through its programming networks and other media assets. MSG Sports consists of owning and operating sports franchises, including the New York Knicks (NBA), the New York Rangers (NHL), the New York Liberty (WNBA), and the Connecticut Whale (AHL). MSG Sports also features the presentation of a wide variety of live sporting events including professional boxing, college basketball, track and field and tennis. MSG Entertainment creates, produces and/or presents a variety of live productions, including the Radio City Christmas Spectacular featuring the Radio City Rockettes. MSG Entertainment also presents or hosts other live entertainment events such as concerts, family shows and special events in the Company's diverse collection of venues. These venues include Madison Square Garden, Radio City Music Hall, the Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre and the Wang Theatre. More information is available at www.themadisonsquaregardencompany.com.