Bright House, Sinclair Broadcast reach retransmission agreement

It's one down, one to go for Sinclair Broadcast Group (Nasdaq: SBGI). The TV programming conglomerate has reached agreement with Bright House Networks on retransmission deal so Sinclair's local affiliates can continue to be seen by Bright House's 1 million customers.

No deal specifics were announced (and you thought they would be?) but it seems that Sinclair is now happy about how much Bright House will pay for its channels. Next on the agenda--or more correctly still on the agenda--working a similar finalized deal with Time Warner Cable (NYSE: TWC-WI). A tentative pact is in effect there.

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