Time Warner, Fox Strike Cable Deal

[highplainsdem]

Source: WSJ

JANUARY 2, 2010


By SHIRA OVIDE And NAT WORDEN

Time Warner Cable Inc. and News Corp. reached agreement on a new contract that keeps the Fox broadcast network on the air in millions of homes, ending a fierce television-programming dispute that each side had characterized as a crossroads for the television business.

-snip-

"We're happy to have reached a reasonable deal with no disruption in programming for our customers," Glenn Britt, Time Warner Cable's chief executive, said in a statement late Friday.

"We're pleased that, after months of negotiations, we were able to reach a fair agreement with Time Warner Cable—one that recognizes the value of our programming," News Corp. President and Chief Operating Officer Chase Carey said.

The companies didn't disclose terms of the new deal. Terms of TV programming deals are typically kept under wraps and include a bundle of channels, making it difficult to tell how much Time Warner Cable is paying. Contract negotiations had been deadlocked over a $1 monthly per-subscriber fee that News Corp. had demanded for its Fox network stations.

-snip-

Read more: http://online.wsj.com/article/SB20001424052748704876104574632280839572404.html

[Ian David]

1. Oh, well.

[movonne]

2. I guess we still have limpballs and faux news still with us...

[madokie]

5. and not only have limberprick still with us

but now after he defied death. He's really going to be talking some stupid shit as he will feel he has had some divine intervention on his behalf. You know where god has a plan for you thats why he lets you continue to live kind of thinking. :puke: for limberprick and his followers

[Raine]

8. Faux "news" was excluded anyway

that was one they never threatened to pull x( only sports and entertainment.

[Maine-ah]

3. don't want to register to read full article

what is the deal they came to?

[gratuitous]

7. Details were apparently not disclosed

But I'll bet a dollar to a hole in a donut it means higher rates for subscribers, more money for Fox and more money for Time Warner. I'd be ecstatic to be proved wrong, but I'm pretty sure I won't be.

[madokie]

4. We watch football so fox is a necessary evil

I couldn't even tell you the channel that faux noise is on, all I know is channel 23 is where many of the ball games I want to watch are on and its fox.

[DLnyc]

6. I will cancel Time Warner now