CBS' Retrans, Reverse Comp Revenue Sign of 'Broken Regulations,' ATVA Says
The $1 billion CBS expects to make next year is part of "the greatest heist ever perpetuated on the American people," the American Television Alliance said Friday. ATVA pointed to comments earlier in the week by CBS CEO Leslie Moonves…
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about revenue the company was making from retransmission and reverse compensation. Moonves told analysts during a conference call that the company expected to pass $1 billion in retrans and reverse compensation next year, a year ahead of schedule. That is "solid evidence" of "broken regulations that rig the game in favor of the big special interest at the expense of the American consumer," ATVA said. "Broadcasters are bilking billions from TV fans for broadcast signals that are 'free' over the air. What's worse is that Congress has failed to modernize the old, broken laws that permit the theft." CBS didn't comment Friday.