Frontier Communications Continues Negotiations with Sinclair Broadcast Group to Renew Carriage Agreement that Provides Content to Approximately 3 Percent of Video Subscribers
NORWALK, Conn.--(BUSINESS WIRE)--
Frontier Communications Corporation (NASDAQ:FTR) continues to negotiate
the renewal of its carriage agreement with Sinclair Broadcast Group,
Inc. (NASDAQ: SBGI), a programmer that provides content to approximately
3 percent of Frontier's video subscribers. Potentially impacted
customers are located in the Seattle, Wash. and Portland, Ore. markets.
The carriage agreement is scheduled to expire at 5:00 p.m. Eastern on
Dec. 31, 2016.
Frontier contracts with various programmers to offer content to its
video customers across its 29-state footprint and these contracts
periodically expire or are terminated. Frontier negotiates in good faith
to reach new agreements with program providers to bring its customers
the best TV programming possible at the most reasonable prices.
"We are working hard to negotiate fair renewal terms with Sinclair, but
cannot accept its proposed terms which have included excessive rate
increases of no less than 80 percent and as far reaching as 380 percent
as well as the inclusion of channels that the majority of our customers
do not want," said Steve Ward, Frontier's Senior Vice President of Video.
About Frontier Communications
Frontier Communications Corporation is a leader in providing
communications services to urban, suburban, and rural communities in 29
states. Frontier offers a variety of services to residential customers
over its fiber-optic and copper networks, including video, high-speed
internet, advanced voice, and Frontier Secure® digital
protection solutions. Frontier Business Edge™ offers communications
solutions to small, medium, and enterprise businesses. More information
about Frontier is available at www.frontier.com.
Please note that Frontier has a new logo that is available for download
View source version on businesswire.com: http://www.businesswire.com/news/home/20161222005714/en/
Frontier Communications Corporation
Vice President, Investor Relations
Vice President, Corporate Communications
Source: Frontier Communications Corporation
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