Fox, Time Warner Cable Go to Wire in Vitriolic Talks Over Carriage Fees |
| Wall Street Journal - Dec 31, 2009 |
Time Warner Cable Inc. and News Corp. traded barbs on Wednesday as they face a New Year's deadline in their landmark fight over TV-programming fees. If the fight remains unresolved it will threaten millions of cable-TV subscribers with the loss of Fox broadcast programs, including big football games, in coming days.
The two sides remain at odds as they try to conclude months of talks over a new contract for Time Warner Cable to pipe News Corp. programming to viewers. Chase Carey, News Corp.'s president and chief operating officer, said in a memo to employees Wednesday, "it looks like we will not reach an agreement and our channels may very well go off the air in Time Warner Cable systems at midnight [Dec. 31]."
Time Warner Cable and News Corp. executives say the outcome of their negotiations will help determine the future path of the television business.
Read Full Article from Wall Street Journal
- Posted: 2009-12-31 09:06:42
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