Dish and Cablevision Settle Dispute; Customers Get AMC Back NY Post, Bloomberg
Dish Network and Cablevision settled their legal dispute in a series of talks spread across four nights, with attorneys for the two companies slated to appear in court this morning to present their deal to the court, reports the New York Post.
As part of the deal, with talks that lasted until 3 a.m. Sunday, Dish will put AMC Networks' channels back into its lineup, the story says. Dish will also pay Cablevision and AMC, a former subsidiary of Cablevision, $700 million in cash.
The legal dispute stemmed from a decision by Dish's former parent EchoStar to back out of a deal to carry Voom HD programming, the story notes.
"The settlement includes a return of AMC’s networks and award-winning shows like 'Mad Men' and 'Breaking Bad' to Dish’s viewers starting yesterday, according to AMC’s statement," reports Bloomberg. "Dish had dropped AMC’s channels in July, saying that they didn’t deliver the ratings to justify their price."