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."