Fox & Time Warner Cable cut a deal, Turkish missiles to be removed
We can finally stand down from our posts. After extended negotiations, Fox has made a deal with Time Warner Cable that will keep its programming on there and Bright House Networks. No word on any details, but we assume the ultra contentious websites will soon disappear as détente is the new word of the day. Check the PR after the break for the (lack of) further details - we're sure to find out how much cash Fox got by how much cable bills go up in the next few months.
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Fox Networks Group and Time Warner Cable
Strike Comprehensive Deal to Distribute
Fox Broadcast Stations, National Cable
and Regional Sports Networks
Agreement Provides Continued Uninterrupted Access
to Programming
Deal includes Bright House Networks
The Fox Networks Group and Time Warner Cable announced today that they have agreed in principle to a comprehensive distribution agreement to provide more than 13 million households with programming from Fox Television Stations, Fox Broadcasting (FOX), Fox Cable Networks and Fox's regional sports networks. The deal also includes carriage agreements for Bright House Networks' 2 million additional subscribers.
"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 Chase Carey, Deputy Chairman, President and COO, News Corporation.
"We're happy to have reached a reasonable deal with no disruption in programming for our customers," said Glenn Britt, Chairman, President and CEO, Time Warner Cable.
Terms of the agreement were not disclosed.
Fox Networks Group, a primary operating unit of News Corporation (NYSE:NWS), consists of Fox Broadcasting Company (FOX), Fox Cable Networks, FOX Sports and Fox Networks Engineering & Operations. These units produce, program and transmit much of America's most popular entertainment, sports and information content via 36 owned-and-operated TV networks, video on demand and other media platforms. FOX is America's most-watched network, and Fox Cable Networks span FX, National Geographic Channel, Nat Geo WILD (coming spring 2010), Fox Reality Channel, Fox Movie Channel, FUEL TV, FSN and 19 regional cable sports networks, SPEED, Fox Soccer Channel, Fox College Sports, Fox Sports en Español and the Big Ten Network (co-venture with the Big Ten Conference).
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Fox/Time Warner – Page 2
About Time Warner Cable
Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located in five geographic areas - New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. Time Warner Cable serves more than 14 million customers who subscribe to one or more of its video, high-speed data and voice services. Time Warner Cable Business Class offers a suite of phone, Internet, Ethernet and cable television services to businesses of all sizes. Time Warner Cable Media Sales, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions that are targeted and affordable. More information about the services of Time Warner Cable is available at www.timewarnercable.com, www.twcbc.com and www.twcmediasales.com.
