DirecTV has cut a deal to continue carrying right-wing network Newsmax Media.
The television provider dropped the outlet earlier this year and got push back from GOP lawmakers who said the decision was ideologically motivated. However, the company insisted that it was the result of a contract dispute that is becoming increasingly common as TV and streaming providers struggle to keep prices low enough for consumers.
"This resolution with Newsmax, resolving an all-too-common carriage dispute, underscores our dedication to delivering a wide array of programming and perspectives to our customers," said Bill Morrow, CEO of DirecTV. "Through our persistent negotiations, we reached a resolution under mutually-agreeable business terms allowing us to deliver the conservative news network at the right value – a reflection of the free market at work."
DirecTV said it resolved similar disputes with approximately 50 programmers or station groups over the past five years.
"Newsmax recognizes and appreciates that DIRECTV clearly supports diverse voices, including conservative ones," said Christopher Ruddy, CEO of Newsmax, in a press release. "As a standalone company, DIRECTV helped give Newsmax its start nearly a decade ago as it continues to do with upcoming news networks, which is why we are pleased to reach a mutually beneficial agreement that will deliver our network to DIRECTV, DIRECTV STREAM and U-verse customers over the next several years."
A growing number of Californians are planting agave to be harvested forz use in spirits. The trend is fueled by the need to find hardy crops that don’t need much water and a booming appetite for premium alcoholic beverages.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Paramount, Maersk, Starbucks, Uber, Lyft and Beyond Meat.
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
