Time Warner Cable Agrees To Retransmission Deal With Tribune

This should make life a little easier for Time Warner Cable as it prepares to deal with a likely acquisition proposal from Charter, and for Tribune as it closes its $2.73B acquisition of Local TV. The companies said today that they’ve reached a multi-year retransmission agreement that enables the No. 2 cable company to continue carrying Tribune’s stations with major markets including New York, Los Angeles, Dallas, San Diego, and Indianapolis, and superstation WGN America. The deal also includes the Local TV stations. TWC accounts for about 10.4% of the households in Tribune’s markets, and about 16.6% for Local TV, according to SNL Kagan data. The companies didn’t disclose financial terms.