Increased retransmission fees will "move the needle" for E.W. Scripps in 2011, CFO-Treasurer Tim Stauberg said during an earnings conference call, although changes in network affiliations fees could be a problem in how far--and even in what direction--that needle moves.
Scripps actually saw a 93 percent decline in network compensation fees thanks to a new arrangement where it must pay licensing fees to the networks.
Elsewhere, one of those networks, CBS continued to count on the $1 billion it expects to get from "pay-TV systems and affiliate stations" in addition to an anticipated payday from "other companies that stream movies and shows online." CBS recently signed a deal with Netflix (Nasdaq: NFLX) to stream some of its older library of programs.
For more:
- TVNewsCheck has this story
- Bloomberg has this story
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