DirecTV says the agreement to carry Tribune’s 23 TV stations and WGN America runs for five years, but it won’t disclose financial terms. “It’s unfortunate that Tribune was willing to hold our customers hostage in an attempt to extract excessive rates, but in the end we reached a fair deal at market rates similar to what we originally agreed to on March 29,” DirecTV EVP Derek Chang says. Here’s Tribune’s statement:
CHICAGO, Apr. 4, 2012—Tribune Broadcasting announced this evening that it has reached an agreement with DirecTV that will enable DirecTV subscribers to avoid any further disruption in service and to once again enjoy Tribune’s 23 local television stations as well as WGN America, Tribune’s national cable network.
“We are extremely pleased to have reached an agreement with DirecTV and to return our valuable news, entertainment and sports programming to DirecTV subscribers,” said Nils Larsen, Tribune Broadcasting president. “On behalf of Tribune Broadcasting, I want to thank viewers across all of our markets for their support, understanding and patience during the negotiating process—we truly regret the service interruptions of the last several days.” (more…)