Time Warner and Fox reach deal

2010-01-02 19:57:46 (GMT) (WiredPRNews.com - Business, News)

Wired PR News reports Time Warner and Fox have reached a programming deal.

The two corporations have reached a programming deal.

Los Angeles (WiredPNews.com) – Time Warner Cable and the Fox television network have reached a programming deal, following threats by the network to have the Fox signal dropped from several Time Warner stations and cable channels. As reported by the Associated Press (AP), the companies worked out a deal, which put an end to public specualtion on whether millions of cable subscribers would be left without access to certain programming.

Chase Carey, chief operating officer at News Corp., the owner of Fox, is quoted by the AP as stating of the negotiations, “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.”

The terms of the deal had yet to be released at the time of the report.

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