Cable continues its efforts at energy conservation, with the 6 largest MSOs on track for deploying a “light sleep” option for new set-top boxes next month. Some of those deployments are already underway, and ops are also beginning to provide software upgrades this fall to some boxes in homes to enable light sleep. Meanwhile, the Dept of Energy has given the industry until Oct 1 to work out a voluntary agreement with energy advocates. Read more in today’s issue.

Also in the August 30 issue of CableFAX Daily:

DirecTV’s contract with Local TV is set to expire at 12:01 am Sat. Local TV owns 17 stations, including Cleveland, OH, Fox affil WJW, Memphis CBS affil WREG and Des Moines NBC affil WHO.

TiVo’s 2Q revenue increased 7 YOY to $65.3mln as the company’s net loss widened to $27.7mln from $19.6mln. The company is gearing up for its patent trial with Verizon.

GMC original movie “Somebody’s Child” premiered to 2.1mln cumulative viewers this past weekend, with it ranking 3rd all-time among GMC movie premieres in women 25-54 and women 18-49.
 

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Altice USA Announces $2.5bln Buyback

Just a few days after giving up on its $8.4bln bid for Cogeco , Altice USA is repurchasing $2.5bln in shares. Altice stock jumped by 8.55%, closing at $35.03. The company said it has commenced a Dutch auction

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