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    “One Day At a Time” rescued from cancellation by Pop TV

    By SHOOTUpdated:No Comments1614 Views
    This image released by Netflix shows Rita Moreno in a scene from "One Day At A Time." The series, a remake of the 1970's-80's Norman Lear TV series, centers on a Cuban-American family. The series, which was canceled by Netflix, will continue with a new 13-episode fourth season premiering on Pop TV in 2020. (Michael Yarish/Netflix via AP)
    LOS ANGELES (AP) --

    There are more days ahead for "One Day at a Time."

    The CBS Corp.-owned cable channel Pop TV says Thursday it's greenlighted a new season of the reboot canceled by Netflix.

    In a statement, Pop TV President Brad Schwartz called the series both "culturally significant" and funny.

    The original 1975-84 sitcom about a single white mom was reimagined with a Latino family at its center, a TV rarity.

    Justina Machado stars as Penelope Alvarez, a Cuban American parent and military veteran, with Rita Moreno playing her mother, Lydia.

    "One Day at a Time" was dropped by Netflix earlier this year after three seasons, prompting an outcry from fans. The streaming service said not enough people watched the show to justify renewing it.

    Famed producer Norman Lear, who co-created the original series and is executive producer on the remake, said he was "heartbroken" when it was canceled.

    "Today, I'm overwhelmed with joy to know the Alvarez family will live on," Lear said in a statement.

    Pop TV says the new 13-episode season is planned for 2020.

    Tags:One Day at a TimePop TV



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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