TWX/T: Turner Executive Calls DOJ’s Claims ‘Unrealistic,’ DOJ Witness Describes Study Predicting Harm of Turner Blackout

Event Driven Takeaways

  • Today, April 3, the DOJ called witnesses Richard Warren, Turner’s President of Content Distribution, and Stefan Bewley, Director of Altman Vilandrie & Co., a management consulting company.
  • A third witness, Tom Montemagno, a Charter executive, also began his testimony at the end of the day.
  • Bewley described his methodology for determining the commercial value of certain networks and groups of networks. Most significantly, Bewley described an analysis his company performed for Charter predicting the company could lose between 9% and 14% of its subscribers in the event of a Turner blackout.
  • Warren testified about various confidential emails, data, and other reports that the DOJ admitted into evidence. Warren also described his view that programmers generally are disadvantaged in negotiations with distributors because of the disproportionate harm they face from content blackouts.

Today, April 3, the DOJ called three witnesses - Richard Warren, President of Content Distribution for Turner, who began his testimony yesterday, Stefan Bewley, Director of Altman Vilandrie & Co., a management consulting company, and Tom Montemagno, Charter’s EVP of Programming Acquisition. Warren’s testimony focused largely on past negotiations with distributors and was likely used by the DOJ primarily to admit emails and other documents as evidence. Bewley testified about research he performs for pay-TV distributors that is designed