December 29, 2008
WFAA-TV and Charter Communications Reach Tentative Retransmission Agreement
Dallas, Texas - WFAA-TV announced today that it has reached an agreement in principle with Charter Communications, Inc. (NASDAQ: CHTR) for retransmission of the station's analog and high-definition signals, and for carriage of the 24-hour news channel, Texas Cable News (TXCN).
"We are pleased to have come to a tentative agreement with Charter and we look forward to continuing to provide WFAA's high-quality news and local programming uninterrupted to our viewers," said the station's President and General Manager, Mike Devlin.
WFAA is part of Belo Corp. (NYSE: BLC), one of the nation's largest pure-play, publicly traded television companies. The agreement covers signals in 11 of Belo's 15 markets including the following stations: KMOV-TV in St. Louis; WFAA in Dallas/Fort Worth; WWL-TV and WUPL-TV in New Orleans, WCNC-TV in Charlotte; KGW-TV in Portland; WVEC-TV in Hampton/Norfolk; KING-TV and KONG-TV in Seattle/Tacoma; KREM-TV and KSKN-TV in Spokane; KHOU-TV in Houston; KTVB in Boise; and, WHAS-TV in Louisville. The agreement also covers carriage of two of the Company's 24-hour new channels, Northwest Cable News and Texas Cable News.
About Belo Corp.
WFAA is owned by Belo Corp., one of the nation's largest pure-play, publicly-traded television companies, with 2007 annual revenue of $777 million. The Company owns and operates 20 television stations reaching more than 14 percent of U.S. television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated Web sites, in 15 highly-attractive markets across the United States. Belo stations consistently deliver distinguished journalism for which they have received significant industry recognition including nine Alfred I. duPont-Columbia University Silver Baton Awards; nine George Foster Peabody Awards; and 23 national Edward R. Murrow Awards all since 2000, and in each case more than any other commercial station group in the nation. Nearly all Belo stations rank first or second in their local market. Belo owns stations in seven of the top 25 markets in the nation, with six stations located in the fast-growing, top-14 markets of Dallas/Fort Worth, Houston, Seattle/Tacoma and Phoenix. Additionally, the Company has created regional cable news channels in Texas and the Northwest increasing its impact in those regions. Additional information is available at www.belo.com or by contacting Dave Muscari, WFAA vice president/product development, at 214.977.6490.