Cablevision Systems Corp. (NYSE:CVC) and Scripps Networks Interactive (NYSE: SNI) today announced that they have reached an agreement allowing for the return of Food Network and HGTV programming to Cablevision customers in the New York Tri-State region beginning this afternoon.
Both companies noted that their primary focus throughout the process was to work as hard as possible to return Food Network and HGTV to Cablevision customers at the soonest possible date.
Terms of the agreement were not disclosed.
This is great news for all those television viewers in the New York Tri-State region who enjoy Food Network and HGTV, said John Lansing executive vice president of Scripps Networks Interactive Inc. and president of the companys Scripps Networks operating division. This is the resolution everyone wanted and to have achieved anything less would have been a profound disappointment. Cablevision has been a valued distribution partner and were gratified that together we were able to reach a successful conclusion that will benefit their customers and viewers of our networks.
Wed like to thank our customers for their patience and understanding as we worked with Scripps to reach an agreement that is fair, said John Bickham, Cablevisions President of Cable & Communications. Food Network and HGTV have strong and loyal followings and we are pleased that both channels are back where they belong on Cablevision and available to our customers in both standard-definition and free HD.