The Show Goes On: Cablevision, Disney Reach ‘Agreement In Principle’ On WABC Fee

Hurt Locker Cast Academy Awards

Disney (NYSE: DIS) says it has reached an “agreement in principle” with Cablevision (NYSE: CVC) “that recognizes the fair value of ABC7 with deal points that we expect to finalize with Cablevision.” Translation: Cablevision subs are watching the Oscars after all. The agreement — which Cablevision didn’t even mention in its terse statement — came more than 20 hours after Disney shut off the signal to WABC for some 3.1 million New York-area subs and followed an afternoon of dueling claims. The signal returned at 8:45 p.m. eastern, about 15 minutes into the Academy Awards.

WABC explained: “Given this movement, we

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