Time Warner extends CBS deadline, raises Internet rates

Cable customers in some of the nation’s largest cities might not be able to see some of their favorite programs next week.

Time Warner Cable and CBS have to iron out a new contract by Monday at 5pm or the network could go black for subscribers in New York, Los Angeles, and other large markets.

The original deadline to resolve the dispute was by 9am Thursday, but both sides decided to call a time out on negotiations and extend the deadline to Monday.

Time Warner says CBS is demanding fees that are six Times higher than in smaller markets.

The nation-wide cable and internet provider will also be raising its internet rates come August 9th, a roughly three dollar increase on the average retail price of stand-alone internet service.

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