Amherst Media is main beneficiary of Comcast ten year contract
Comcast, the mega media giant who owns the sole cable franchise for Amherst, responded to the town's 10 year renewal RFP with an in-your-face comeback.
While the 5% cut of $6.2 million in annual revenues ($317,000 to Amherst Media for local access this year) is pretty much a given, the only real negotiation will be over the one-time equipment upgrades.
The town requested $2.2 million and Comcast responded with $450,000 -- the exact same amount they provided ten years ago. Ouch!
And they hired their own consultant to counter the two "ascertainment hearings" the town held to get feedback on Comcast services.
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So yes, this is going to get interesting.
And if not resolved by mid-October, the town's 7,000 subscribers could see their televisions go dark.
Although our Temporary Town Manager assured the state oversight authority that the town expects to come to a deal before deadline.