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Time Warner Cable cuts first major Lakers deal

The Associated Press, Friday, October 26, 2012, 4:31pm (PDT)

LOS ANGELES (AP) -- Time Warner Cable has cut its first major deal to receive payment for carriage of two new channels carrying Lakers basketball games. It said Friday it had signed up Charter Communications, which has around 290,000 subscribers in the Los Angeles area.

The first regular season game to be carried on the channels is on Wednesday at Portland. The Lakers' season-opener is at home against the Mavericks on Tuesday in a game to be broadcast on TNT.

Time Warner Cable bought the regional TV rights to Lakers games last year for an estimated $3 billion over 20 years. It must sign deals with other TV distributors to help offset costs.

Earlier this month, Time Warner signed up partner Bright House Networks, which only has a few thousand subscribers in Bakersfield.

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