YES Sues AOL Time Warner
YES Sues AOL Time Warner: The YES Network sued AOL Time Warner Friday, accusing the media giant’s cable unit of breach of contract for allowing cable subscribers the option of not paying for the sports channel.
The suit, filed in New York, accuses Time Warner Cable of violating its affiliation pact with YES by making the channel optional for the multiple-system operator’s 11 million subscribers. YES said it is seeking a permanent injunction to prevent the tiering of its channel, as well as damages and the recouping of legal costs.
YES’ lawsuit follows a similar battle between the cable network and Cablevision Systems earlier this year, which was settled under a pact engineered by New York State Attorney General Eliot Spitzer. That agreement calls for Cablevision to offer the channel on a premium tier for one year. Both Cablevision and YES are slated to meet later this year to iron out a permanent arrangement.
Elliott, Beyonce, Coldplay, Timberlake Top VMA Winners: The 2003 MTV Music Video Awards gave its highest honor to Missy Elliott last night, who won for best video of the year, as well as best hip-hop video. Beyonce, Coldplay and Justin Timberlake also scored multiple awards, taking home three awards each.
The other winners included 50 Cent, who won two awards. Eminen, Johnny Cash, Linkin Park, Queens of the Stone Age, Radiohead and the White Stripes took home one award each.
For the second year in a row, comedian Chris Rock hosted the show, which was held at Radio City Music Hall in New York City.
Broadcast Ad Spending Dips, Surges on Cable, Spanish TV: Advertising spending on broadcast television slipped slightly in the first six months of 2003, while ad spending on cable and on Spanish-language network TV surged, according to a study of ad spending conducted by market information analysis firm TNS Media Intelligence/CMR.
Spending at the network TV level slipped 0.4 percent, to $10.35 billion, from a year ago, while spending on spot TV grew just 0.2 percent, to $7.57 million. On the cable side, advertising spending surged nearly 17 percent, to $5.7 million, while Spanish-language networks saw a 15 percent increase in ad spending, to $1.1 million.
The study also found that General Motors, the top spender, boosted its total ad buying by 10.5 percent, to $1.27 billion, during the six-month period, while Procter & Gamble boosted its spending by nearly 31 percent, to $1.26 billion. AOL Time Warner increased its spending by 5 percent, to $965.7 million.