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FOR IMMEDIATE RELEASE
January 27, 2012
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NAB Statement on Time Warner Cable's Fourth Quarter Earnings Report

WASHINGTON, D.C. -- In response to Time Warner Cable's announcement yesterday of its fourth quarter earnings, NAB Executive Vice President of Communications Dennis Wharton issued the following statement:

"Given that Time Warner Cable just announced a quarterly net income increase of 44 percent and annual profits of $1.3 billion, it's time for pay TV's poster child for skyrocketing rates to come clean on retransmission consent. Time Warner and its front group the American Television Alliance claim that broadcast retransmission consent fees are responsible for escalating cable rates. That claim is false. The fact is that local TV station carriage fees account for less than 1 percent of the cost of a monthly cable bill.

"It's laughable to suggest that broadcasters are responsible for higher cable rates."

According to data compiled by SNL Kagan, the average cable bill has risen at a rate faster than inflation. In addition, a filing submitted to the FCC by NAB found that in 2010 retransmission consent fees were approximately six-tenths of one percent of a pay-TV operator's revenues. That conclusion, reached by researchers Jeffrey Eisenach and Kevin Caves, can be found on page 22 of the filing's Attachment A.

About NAB
The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at www.nab.org.