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unfortunately, Comcast has a lock on my market.News Corp. Likely to Pull Fox From Time Warner Cable (Update2)
By Andy Fixmer and Kelly Riddell
Dec. 30 (
Bloomberg) -- News Corp. said it isn’t likely to reach an agreement with Time Warner Cable Inc. and expects to pull Fox broadcasting from the cable system when their deal expires tomorrow.
“We deeply regret that millions of Fox customers will be deprived of our programming,” Chief Operating Officer Chase Carey said today in a memo to employees. “We need to receive fair compensation from Time Warner Cable to go forward.”
The two sides have been unable to come to terms since midyear, Carey said. Time Warner Cable would accept federal mediation, Chief Executive Officer Glenn Britt said in a letter to U.S. Senator John Kerry of Massachusetts. Both sides will continue to negotiate up to the deadline, Carey said.
“Fox isn’t looking for fair compensation and we too are prepared to be without the Fox signal,” Alex Dudley, a Time Warner Cable spokesman, said in an interview. “We hope Fox doesn’t punish our customers, but that decision is up to them.”
The dispute centers on the price New York-based Time Warner Cable, the second biggest U.S. cable operator, would have to pay to continue carrying Fox programming, such as college and National Football League games and “American Idol,” the most- watched U.S. TV series. ..........(more)
The complete piece is at:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aceXiTDBLhcU&pos=3