Dish settles with AMC, Cablevision

Dish settles with AMC, Cablevision

new york

Satellite TV company Dish Network Corp. said Sunday that it has settled a lawsuit with AMC Networks and its sister company Cablevision Systems Corp. over a now-defunct programming service.

As part of the settlement, Dish will pay $700 million in cash to Cablevision and AMC Networks. About $80 million of the cash settlement will be used for the purchase of Cable-vision’s multichannel video and data distribution services licenses in 45 metro- politan areas in the U.S., according to the companies.

Dish, which is based in Englewood, Colo., and has 14 million subscribers, also agreed it would resume carrying AMC, IFC, We tv and Sundance Channel.

As part of a multiyear agreement, the AMC channel will be carried on Dish Channel 131. That started Sunday. Other AMC Network programming will return to Dish on Nov. 1. The Madison Square Garden’s music-oriented Fuse channel will begin broadcast Nov. 1 as well.

Vindicator wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 25.24 —.44

Avalon Holdings,4.11.00

Clear Channel, .73 70.68 .10

Cortland Bancorp, 9.60.00

Farmers Nat., .126.09 —.39

First Energy, 2.20, 45.98—.30

FirstMerit Corp., .64,14.12 —.07

First Niles Financial, .32,6.70.00

First Place Fin., .76.00

FNB Corp., .48,10.60—.17

General Motors,24.610001—.95

General Electric, .68,22.03—.78

Motors Liquidation, .0422.00

Huntington Bank, .16, 6.45—.16

JP Morgan Chase, 1.20,42.32—.69

Key Corp, .20,8.74—.04

LaFarge, 14.75 .03

Macy’s, .80, 39.99—.47

Parker Hannifin, 1.64, 78.50—6.57

PNC, 1.60,59.42—.42

RTI Intl. Metals,23.7199—.03

Simon Prop. Grp.,4.20,153.54—1.26

Stoneridge 4.75 —.05

United Community Fin. 3.74—.08

Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.