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Time Warner Cable drops CBS in NYC, Los Angeles

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Time Warner Cable (TWC) has dropped CBS (CBS)in New York, LA, Dallas and several other markets after a deadline expired.

"We deeply regret this ill-advised action, which is injurious not only to our many affected viewers,but also to Time Warner Cable itself," CBS said in a statement.

The two sides have been locked in tense negotiations over what Time Warner Cables pays for the rights to carry CBS channels, the latest in an increasingly tense dispute between content makers and video distributors.

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