Time Warner Cable, Sinclair finally reach deal

The long-running national nightmare between Time Warner Cable (NYSE: TWC-WI) and Sinclair Broadcast Group is over; the two have signed a multi-year retransmission deal covering 28 TV stations seen by 4 million Time Warner subscribers in 12 states. This solves the cable problem for Sinclair-for now-since the broadcaster also recently worked out a deal with Bright House Networks.

Besides money, which is at the root of all of these disputes, Time Warner has agreed to produce three half-hour weekday local news programs for Sinclair's WXLF-TV ABC affiliate in Greensboro/Winston-Salem, N.C. starting next January.

For more:
- Forbes.com has this story

Related articles:
Time Warner Cable, Sinclair Broadcast Group extend talks by two weeks
Retrans resolutions: Time Warner Cable-Sinclair hammer out tentative deal, Dish-Griffin come to terms

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