{"id":32067,"date":"2014-09-25T08:22:16","date_gmt":"2014-09-25T12:22:16","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=32067"},"modified":"2014-09-25T08:22:16","modified_gmt":"2014-09-25T12:22:16","slug":"comcast-corporation-nasdaqcmcsa-alleged-discovery-communications-inc-nasdaqdisca-of-extortionate-demands","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/comcast-corporation-nasdaqcmcsa-alleged-discovery-communications-inc-nasdaqdisca-of-extortionate-demands-32067","title":{"rendered":"Comcast Corporation (NASDAQ:CMCSA) Alleged Discovery Communications Inc. (NASDAQ:DISCA) Of Extortionate Demands"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/25\/2014 (wallstreetpr) \u2013 Recently, <strong>Comcast Corporation (NASDAQ:CMCSA)<\/strong> alleged that <strong>Discovery Communications Inc. (NASDAQ:DISCA) <\/strong>asked for the business concessions from it in the form of a proviso for not opposing <strong>Time Warner Cable Inc (NYSE:TWC)<\/strong> bid. In its <a href=\"http:\/\/finance.yahoo.com\/news\/comcast-accuses-discovery-extortionate-demands-184331013.html\" target=\"_blank\"><strong>U.S. regulatory filing<\/strong><\/a>, the company said that the \u201cextortionate demands\u201d like these were \u201cpatently improper.\u201d Also, Comcast said that the media company, which is \u201cself-proclaimed\u201d first ranked Pay-TV Programmer of the world, should not require an additional regulatory help for succeeding.<\/p>\n<p style=\"text-align: justify;\"><strong>Comcast\u2019s Allegations<\/strong><\/p>\n<p style=\"text-align: justify;\">The Executive VP of Comcast, <em>David Cohen<\/em> says that Discovery had approached the company after announcement of Time Warner\u2019s bid. Also,\u00a0Comcast Corporation (NASDAQ:CMCSA) alleged that Discovery wanted to negotiate on a new distribution agreement. Mr. Cohen said that Discovery was looking for higher fees and dominance for its channels.<\/p>\n<p style=\"text-align: justify;\">Reuters, in the meanwhile, reported that according to one source, Discovery had approached Comcast, but it was prior to the announcement of merger. Also, the source said that the negotiations did not go ahead and there were no requests from Discovery to\u00a0Comcast Corporation (NASDAQ:CMCSA) in association with the cable bid of Time Warner.<\/p>\n<p style=\"text-align: justify;\">Discovery has a fleet of various channels which include Animal Planet, Discovery Channel, TLC and Oprah Winfrey Network.<\/p>\n<p style=\"text-align: justify;\"><strong>Discovery\u2019s Concerns Voiced out to FCC<\/strong><\/p>\n<p style=\"text-align: justify;\">Discovery said that it has already voiced out its concerns with the FCC regarding the Comcast-Time merger. According to Discovery, the merger will prompt Comcast to impose tougher terms on the programmers.<\/p>\n<p style=\"text-align: justify;\">Instead, Discovery said, the silence of\u00a0Comcast Corporation (NASDAQ:CMCSA) on some of the vital aspects like discounts of programs, poses a few questions.<\/p>\n<p style=\"text-align: justify;\">A few weeks prior to this, Discovery had told FCC that the merger between Comcast and\u00a0Time Warner Cable Inc (NYSE:TWC) will lead to lesser diversity in programming and diminished quality. Also,\u00a0Comcast Corporation (NASDAQ:CMCSA) told FCC that this would lead to curtailment of autonomy of programmers.<\/p>\n<p style=\"text-align: justify;\">Time Warner Cable Inc (NYSE:TWC) and Comcast are seeking a $45 billion merger.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/25\/2014 (wallstreetpr) \u2013 Recently, Comcast Corporation (NASDAQ:CMCSA) alleged that Discovery Communications Inc. (NASDAQ:DISCA) asked for the business concessions from it in the form [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":19605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[1666,8915,910,1708,1707],"stock_ticker":[],"class_list":["post-32067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-comcast-corporation-nasdaqcmcsa","tag-david-cohen","tag-nasdaqcmcsa","tag-nysetwc","tag-time-warner-cable-inc-nysetwc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Comcast Corporation (NASDAQ:CMCSA) Alleged Discovery Communications Inc. 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