Klein & Wilson

Deadline pushed back as Charter, NBCUniversal try to reach deal

Charter Communications, a provider of cable television and a telecommunications company, was sued back in July of 2016 by Fox News. Charter was allegedly trying to secure Fox programming for cheaper than the market price, and was attempting to do so by illegal means. In recent weeks, Charter has been in negotiations with NBCUniversal over securing their extensive package of TV channels and properties -- and now those negotiations are going south too.

After extending a New Year's Day deadline for signing a contract, both Charter and NBCUniversal are still at the negotiating table trying to work out a deal that is in the interests of both parties. NBCUniversal provided a statement that indicated Charter was looking to secure their properties for less than the market value. It appears Charter's tactics haven't changed since the issues they had with Fox in July.

When two separate businesses are trying to work out a symbiotic agreement, there are bound to be disagreements between both sides. Even if they do agree on everything, there will still be many legal steps that need to be taken to ensure the deal goes through, as well as many processes that need to be followed to ensure both sides are compliant with the rules and regulations that apply to them.

This isn't easy to achieve, nor is it something that can be done without legal help. So for businesses that are looking for partners to further their company and their goals, it is imperative to have an experienced attorney on your side.

Source: St. Louis Business Journal, "Charter, NBCUniversal locked in contract dispute," Angela Mueller, Dec. 30, 2016

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