Business & Economy

Time Warner Cable to pay LA $5 million in settlement over fees

In this file photo, L.A. City Attorney Mike Feuer holds a complaint against Time Warner Cable during a press conference Friday, March 14, 2014. The city held that Time Warner holds a virtual monopoly on cable TV service in L.A. and has made billions while refusing to pay at least $10 million in various fees. In a settlement reached Tuesday, the company agreed to pay the city $5 million and drop its countersuit.
In this file photo, L.A. City Attorney Mike Feuer holds a complaint against Time Warner Cable during a press conference Friday, March 14, 2014. The city held that Time Warner holds a virtual monopoly on cable TV service in L.A. and has made billions while refusing to pay at least $10 million in various fees. In a settlement reached Tuesday, the company agreed to pay the city $5 million and drop its countersuit.
Brian Watt/KPCC

Time Warner Cable has agreed to pay $5 million to settle lawsuits that claimed it owed Los Angeles millions in city fees.

Last week's settlement was announced Tuesday.

The city filed two lawsuits that claimed Time Warner holds a virtual monopoly on cable TV service in L.A. and has made billions while refusing to pay at least $10 million in various fees.

Time Warner countersued for the return of $5.2 million it paid in 2011 under protest.

The city has held — but not used — the disputed fee money. If a court approves the settlement, the money will go into the city's general fund, which pays for police, fire and other services.

Time Warner says the matter has been resolved to the satisfaction of both parties.