Time Warner Cable and MSG End the Stand-off
The impasse began Jan. 1 with the companies disagreeing angrily over what Time Warner Cable would pay to continue carrying MSG. Time Warner Cable, which serves more than two million customers, insisted that MSG reneged on a proposal for a 6.5 percent increase late last year and then demanded a 54 percent hike. MSG has never discussed figures publicly but said Time Warner’s were not accurate.
The 48-day standoff between the MSG Network and Time Warner Cable ended Friday, according to two people aware of the resolution who were not authorized to speak publicly.
The end of the impasse will be announced Friday afternoon by Gov. Andrew M. Cuomo and executives of both companies. A settlement had been urged by Eric T. Schneiderman, the state’s attorney general. The governor’s intervention in the past 24 hours with James L. Dolan, executive chairman of Madison Square Garden, and Glenn Britt, chief executive of Time Warner Cable, accelerated the agreement, which is a long-term deal.
TWC customers are now “LINNING”.