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April 19, 2014

Fox and Time Warner Reach Agreement

by Rebecca Paiement, posted Jan 1st 2010 11:36PM
Fox and Time Warner came to terms today on a retransmission consent agreement that had held both sides up in two-day negotiations. Variety reports that after all-night New Year's Eve discussions that carried through to lunchtime on New Year's Day, a deal was reached that will prevent many Fox channels from being swept off Time Warner Cable systems.

Though neither side is talking about the financial terms struck, both parties seem relieved. "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," said News Corp COO Chase Carey in a statement.

As for the cable provider, Time Warner Cable's chief executive Glenn Britt said the company had "reached a reasonable deal with no disruption in programming for our customers."Fox and Time Warner came to terms today on a retransmission consent agreement that had held both sides up in two-day negotiations. Variety reports that after all-night New Year's Eve discussions that carried through to lunchtime on New Year's Day, a deal was reached that will prevent many Fox channels from being swept off Time Warner Cable systems.

Though neither side is talking about the financial terms struck, both parties seem relieved. "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," said News Corp COO Chase Carey in a statement.

As for the cable provider, Time Warner Cable's chief executive Glenn Britt said the company had "reached a reasonable deal with no disruption in programming for our customers."

The trouble started when Fox sought $1 per subscriber, as opposed to Time Warner's offer of $0.30 per person, to retransmit 14 Fox stations over nine Time Warner markets. There were also carriage agreements involved for Fox, Speed, Fuel TV and other Fox stations that were scheduled to expire at the end of the year.

Fox and Time Warner waged war on each other through a series of television and newspaper ads, in addition to opposing opinionated websites.

FCC chairman Julius Genachowski issued a statement during the Fox/Time Warner negotiations Thursday, urging both to agree to an extension so that consumers would not face service interruptions. This came on the heels of an extension issued by Sinclair Broadcast Group and cable operator Mediacom. Mediacom says that Fox is pushing Sinclair for fee increases.

In yet another New Year's Eve feud, Scripps Network pulled Food Network and HGTV from Cablevision in the New York, New Jersey and Connecticut markets. Scripps says it's gotten less than $.025 a month per subscriber for the channels and has launched websites to entice Cablevision subscribers over to their cause. But, so far, Cablevision is not budging.

Indeed, heads of the Big Four conglomerates said they need these fee increases to be able to afford glitzy primetime programming and big sports packages. But, with struggling local stations, fights over fees are sure to become increasingly common.

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