WHY THIS MATTERS:The deal will preserve the MSO's carriage of top Disney networks on its Optimum cable systems while allowing it to participate in the programmer's upcoming direct-to-consumer initiatives.
WHY THIS MATTERS:Walden, considered a potential successor to Verizon CEO Lowell McAdam, is departing after a restructuring of the company's operations as it looks to integrate recently acquired Yahoo and makes progress on developing and launching its own subscription OTT TV service.
WHY THIS MATTERS:There are 10 markets where a combined Sinclair-Tribune would run afoul of FCC prohibitions on owning two stations in a market, and the deal would exceed the 39% ownership cap, resulting in a 45%-plus national audience reach without some spinoffs.