As of 4 p.m., Time Warner has settled its contract dispute with News Corp., allowing cable customers to continue watching Fox TV.
Terms were not disclosed. The New York Times reports that News Corp. wanted $1 per subscriber per month, whereas Time Warner wanted to pay much less:
“In tense negotiations with Time Warner Cable, Fox had demanded about a dollar a subscriber per month, far more than other stations have received. Time Warner Cable thought 30 cents was more reasonable, said people briefed on the talks who insisted on anonymity because the specifics of the talks were confidential. Most likely, the two companies reached a compromise on the price, but both refused to comment Friday on the figure.”
Read the New York Times story: “Time Warner and Fox Reach Deal for Cable Distribution.”
Both sides updated their web sites targeting consumers with the announcement:
Time Warner: RolloverorGetTough.com
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