or


[04/02/12 - 12:49 PM]
DirecTV Files Complaint with FCC Questioning Control of Tribune Broadcasting Company During Bankruptcy
The satcaster is "seeking an immediate intervention and expedited ruling against Tribune for failing to negotiate in good faith."

[via press release from DirecTV]

DirecTV Files Complaint with FCC Questioning Control of Tribune Broadcasting Company During Bankruptcy

Tribune Management Agrees in Principle to Retransmission Consent Compensation only to be Overruled by Hedge Fund and Investment Bank Creditors

WASHINGTON -- With more than 5 million DirecTV customers losing access to Tribune Broadcasting Co.'s 23 local stations in 19 cities since midnight Saturday, DirecTV today filed a complaint with the Federal Communications Commission seeking an immediate intervention and expedited ruling against Tribune for failing to negotiate in good faith and bringing into question whether broadcast licenses have been prematurely, and inappropriately, transferred to bankruptcy creditors.

In another case of runaway Wall Street greed, some of America's wealthiest hedge funds and investment banks, including Oaktree Partners, Angelo Gordon, JP Morgan Chase, Bank of America and Citibank, forced Tribune's senior management to renege on an agreement that would have kept DirecTV customers connected to their local programming. Their actions represent a brazen attempt to extract yet another bailout on the backs of innocent viewers.

The complaint specifies Tribune's most senior executives represented themselves as possessing authority to negotiate a retransmission consent agreement and, in fact, achieved such an agreement in principle with DirecTV on March 29. However, late the following day, Tribune executives rescinded the agreement, acknowledging bankrupt Tribune's hedge fund and investment bank creditors overruled senior management, exercising authority over Tribune's broadcast licenses and operations the FCC has yet to grant.

The full complaint can be found at www.DirecTVpromise.com.

"Two days prior to expiration of the existing carriage arrangement, the parties reached an agreement in principle for continued carriage," the complaint reads. "The following day, however, Tribune reneged on that agreement. Tribune later confirmed that its management had been overruled by the hedge fund and investment bank creditors.

"DirecTV negotiated with Tribune for months, only learning on the very eve of expiration that it had never been dealing with anyone who had the authority required under the [FCC] rules. Indeed, DirecTV still does not know with whom it should be speaking - Tribune's CEO or its associated hedge funds and investment banks," the complaint continues.

After entering bankruptcy in December 2008, Tribune sought FCC approval to transfer its broadcast licenses to a new entity that will eventually emerge in Tribune's reorganization. Three of Tribune's largest creditors-JP Morgan Chase Bank; Angelo, Gordon & Co. and Oaktree Partners - will control 30 percent of the voting and equity interests, Tribune explained. But the FCC has yet to rule on those transfers. That means those same hedge funds and investment banks currently lack authority over Tribune broadcast operations.

The result is millions of everyday viewers are forced to suffer with the mess Tribune made of its operations leading into bankruptcy, and to make matters worse, now allowing America's wealthiest hedge funds and investment banks to take advantage of innocent viewers.

About DirecTV

DirecTV (NASDAQ: DTV) is one of the world's leading providers of digital television entertainment services delivering a premium video experience through state-of-the-art technology, unmatched programming and industry leading customer service to 32 million customers in the U.S. and Latin America. In the U.S., DirecTV offers its 19.9 million customers access to more than 170 HD channels and Dolby-Digital(R) 5.1 theater-quality sound, access to exclusive sports programming such as NFL SUNDAY TICKET(TM), Emmy- award winning technology and higher customer satisfaction than the leading cable companies for 11 years running. DirecTV Latin America, through its subsidiaries and affiliated companies in Brazil, Mexico, Argentina, Venezuela, Colombia, and other Latin American countries, leads the pay-TV category in technology, programming and service, delivering an unrivaled digital television experience to 12 million customers. DirecTV sports and entertainment properties include three Regional Sports Networks (Northwest, Rocky Mountain and Pittsburgh) as well as a 60 percent interest in Game Show Network. For the most up-to-date information on DirecTV, please visit www.DirecTV.com.





  [april 2012]  
S
M
T
W
T
F
S


· SHOWATCH
(series past and present)
· DEVWATCH
(series in development)
· MOVIEWATCH
(tv movies and mini-series)





[05/04/16 - 04:31 PM]
ABC Announces the Teams Competing on the "Battlebots: The Gears Awaken" Preview Special, Airing Tuesday, May 10
The epic robot-fighting tournament "BattleBots" is back for season two this summer on Thursday, June 23.

[05/04/16 - 04:00 PM]
GSN Celebrates Mother's Day with Special Mom-Themed Marathon of "Family Feud," Sunday, May 8
Each of the 10 specially selected half-hour shows features questions designed to remind viewers about the woman they love the most - their mom - on her special day.

[05/04/16 - 02:15 PM]
Seth MacFarlane to Create, Executive-Produce and Star in New Hour-Long, Live-Action Comedic Drama Series for FOX
Set 300 years in the future, the series follows the adventures of the Orville, a not-so-top-of-the-line exploratory ship in Earth's interstellar Fleet.

[05/04/16 - 02:11 PM]
Geniuses Face Off in an Intense Test of Knowledge and Stamina on the Season Premiere of ABC's "500 Questions"
The five-night event series concludes with a two-hour season finale on Wednesday, June 1.

[05/04/16 - 01:03 PM]
"Saturday Night Live" Returns in May with Three Back-to-Back Shows
Brie Larson (May 7), Drake (May 14) and Fred Armisen (May 21) will close out the show's season.

[05/04/16 - 01:01 PM]
Megyn Kelly to Sit Down with Laverne Cox during "MEGYN KELLY presents," Airing Tuesday, May 17, on FOX
As previously announced, the special also will feature Kelly's first extensive sit-down interview with presumptive Republican presidential nominee Donald Trump.

[05/04/16 - 12:02 PM]
"Check It Out! With Dr. Steve Brule" Season 4 Premieres Friday, June 17th at 11:00 p.m. ET/PT on Adult Swim
The new season will be followed by "Decker: Unclassified," starring Tim Heidecker and Gregg Turkington.

[05/04/16 - 12:00 PM]
Start Your Summer with an Animated Adventure During Freeform's "Funday" Weekend Programming Event on May 14 and 15
Experience college through Mike Wazowski's eye, whip up recipes with Remy, and cheer on Wreck-It Ralph and Aladdin as they attempt to prove themselves as heroes.

[05/04/16 - 11:57 AM]
GSN to Launch First Spinoff Series from "Skin Wars" Franchise; "Skin Wars: Fresh Paint" Debuts Wednesday, June 15 at 10PM ET/PT
The series features three of "Skin Wars" top former contestants who mentor six new, highly accomplished artists each week.

[05/04/16 - 10:49 AM]
National Geographic Launches a Covert Investigation Into the Disappearance of Adventurer Cody Dial in Riveting True-Crime Series, "Missing Dial"
The six-part series launches Sunday, May 22 at 10:00/9:00c on the network.

[05/04/16 - 10:25 AM]
Valerie Bertinelli Entertains Friends & Family on the Return of "Valerie's Home Cooking"
Valerie is back in the kitchen sharing her tips for easy-to-make, delicious dishes and homemade recipes, adding her own signature touches and flavor along the way.

[05/04/16 - 10:08 AM]
TNT Teams Up with E4 on "Foreign Bodies"
The series is the story of a motley gang of travellers embarking on a three-month trip around Asia.

[05/04/16 - 10:01 AM]
2015 FIFA Women's World Cup Champion Abby Wambach Joins ESPN
Wambach will cover international sporting events for the network later this summer at the UEFA European Football Championship 2016 in France and 2016 Summer Olympics in Rio de Janeiro.

[05/04/16 - 09:39 AM]
E! Announces Four New Unscripted Series as the Pop Culture Powerhouse Continues to Expand on Successful Primetime Slate
Highlights include a spin-off of hit franchise "WAGS" (Wives and Girlfriends of Sports Stars) set against the sunny, sexy backdrop of South Florida.

[05/04/16 - 09:34 AM]
Netflix Celebrates "Marseille"
In advance of the series launch on May 5, Netflix surprised the residents of Marseille today in true Hollywood fashion when a french twist of the original "Hollywood" sign was erected to overlook the city.