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Time Warner and Fox reach a deal

adeelarshad82 (1482093) writes | more than 4 years ago

Television 0

adeelarshad82 (1482093) writes "Time Warner Cable and Fox have reached an agreement that will keep the network's channels on the cable network. The issue was the licensing fees that Time Warner paid to Fox in order to broadcast its programming. Fox insisted on a fair increase in the licencing fee of 300%. Warner argued that in today's competitive age, a fee increase like this, which will eventually end up being a burden for customers, will only drive them away. The deal covers Fox television stations, Fox Broadcasting (Fox), Fox Cable Networks, and Fox's regional sports programming. It also includes Bright House Networks and its 2 million cable subscribers. Exact terms were not disclosed."
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