Kukla's Korner Hockey
by Paul on 09/06/05 at 12:19 PM ET
The future of Comcast’s OLN network calls for a 40-cent-a-month rate increase and Time Warner possibly taking an equity stake in the network, sources say. Time Warner has an option to acquire an 11 percent stake in OLN, multiple sources said. It’s one of many such options that Time Warner Cable has written into carriage deals with cable networks owned by other media companies. The deal with OLN dates back to 2001 when Time Warner reached a new carriage agreement with OLN after Comcast acquired the network. Time Warner is expected to exercise its option and become part-owner of the network if OLN successfully acquires rights to the NFL or Major League Baseball. OLN, fresh off adding NHL rights, is in talks with both leagues, sources said. Should OLN add the NFL, internal plans call for the network to ask cable operators to pay 40 cents more per subscriber per month, according to a source with knowledge of OLN’s long-term business plan.
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About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
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