TWCC Holding Corp. -- Moody's says The Weather Channel's latest dispute with DIRECTV could have negative credit implications

New York, January 17, 2014 -- Moody's Investors Service said that TWCC Holding Corp.'s (d/b/a The Weather Channel Companies -"TWCC") contract dispute with DIRECTV Holdings LLC ("DIRECTV" -- Baa2 senior unsecured, stable outlook) has no immediate impact on the company's B1 Corporate Family rating or Stable outlook. In yet another high profile feud between content providers and carriers, TWCC and DIRECTV failed to reach a new carriage deal due to a battle over fees, as a result of which The Weather Channel has been pulled from DIRECTV's subscription service. Even though the contract stand-off between the two companies has no immediate ratings impact, Moody's views the development as a credit negative given the potential for material deterioration in debt protection metrics absent a resolution between TWCC and the satellite provider over the near term.

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