Comcast (NASDAQ: CMCSA), Time Warner Cable (NYSE: TWC) and Charter (NASDAQ: CHTR) have petitioned the U.S. Court of Appeals in D.C., offering their support for the FCC's decision to disclose details about program licensing deals for the purpose of regulatory review.
The cable companies said they didn't have an issue with release of the VPCI (video programming confidential information) since viewing of it would be restricted to "certain counsel and consultants" and "subject to stringent protective orders." In its own filing to the court, the Federal Communications Commission accused media companies fighting the disclosures of perpetrating "overheated rhetoric."
The U.S. Appeals Court of D.C. stayed the release of the information, which was supposed to occur Monday. The court is considering the arguments of major programming conglomerates including Time Warner Inc., Viacom and Disney, among others, who say the disclosure will harm their positions in future pay-TV negotiations.
The court stayed the FCC's disclosure until at least Wednesday, Nov. 19, so it can hear both sides of the argument.
The FCC's Media Bureau has ruled disclosure of the information necessary for the purpose of approving the proposed Comcast/TWC and AT&T/DirecTV mergers.
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