TWCC Holding Corp. -- Moody's comments on The Weather Channel's new agreement with DIRECTV; Ratings Unaffected

New York, April 10, 2014 -- Moody's Investors Service said that TWCC Holding Corp.'s (d/b/a The Weather Channel Companies -"TWCC") agreement with DIRECTV Holdings LLC ("DIRECTV" - Baa2 senior unsecured, stable outlook) to reinstate The Weather Channel on DIRECTV and end the three month long high profile battle over carriage fees, is a credit positive development but will not impact TWCC's B1 Corporate Family rating (CFR) or Stable outlook as continuing its relationship with DIRECTV was built into forecasts supporting the ratings. In yet another very public dispute between distributors and content providers, TWCC and DIRECTV had failed to agree on carriage fees and as a result The Weather Channel had been pulled from DIRECTV's subscription service in mid-January. On April 8, 2014, DIRECTV announced that both sides had settled on a new agreement and as part of the deal, The Weather Channel has agreed to significantly trim reality programming on weekdays and provide more live weather coverage.

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