Time Warner Cable and Meredith Corp., the parent of WSMV Channel 4, appear to be closing in on a retransmission agreement that will keep Meredith stations on Time Warner's service in three markets. The two sides had been far apart earlier in the week.

Time Warner Cable customers will not be able to watch Channel 4 starting at midnight tonight unless the telecommunications company and WSMV parent Meredith Corp. strike a deal on retransmission rights. The parties still sound like they are far apart, with Time Warner saying Meredith is asking for a 200 percent rate hike.