Disney Reaches Deal with CablevisionThursday, October 4, 2012
Walt Disney Co. and Cablevision Systems Corp. on Thursday announced a multiyear carriage deal for ABC, ESPN and the Disney Channel.
The deal, terms of which were not disclosed, provides Cablevision subscribers new access to ESPN on their mobile devices. Cablevision also becomes Disney’s first carrier for a new news channel targeting at Hispanic viewers.
Cablevision in Bethpage, N.Y., is the nation’s eighth largest cable provider, with most of its subscriber in the Northeast. The new agreement, covering about 70 channels and services, is noteworthy because negotiations did not bog down to a point where service was disrupted. Two years ago during a dispute over fees, Cablevision subscribers missed a portion of the Oscars telecast on ABC due to a blackout.
Disney shares closed up 16 cents, or 1 percent, to $52.63 on the New York Stock Exchange.