seekingsummits (seekingsummits) wrote in ontd_political,
seekingsummits
seekingsummits
ontd_political

No more Fox News?

So I saw an article about this in the LA times, but google brought me to CNN.


NEW YORK (CNNMoney.com) -- So long, Simon Cowell.

Time Warner Cable's customers could lose access to "American Idol," "the Simpsons" and some of the NFL playoffs if the cable company fails to resolve a fee standoff with Fox by Dec. 31.

...
On its Web site rolloverorgettough.com, Time Warner Cable claims some networks are demanding up to a 300% price increase, which will make the cable provider hike prices "significantly" for its customers to cover the costs. News Corp. countered that Time Warner Cable is a highly profitable company, and "it can surely afford to fairly compensate broadcasters for that content without raising rates," according to a posting on its Web site keepfoxon.com.

Time Warner Cable paid more than $3 billion in licensing fees to networks in the first nine months of 2009, up 7% from the same period in 2008, the company said in a financial statement. The cable company had an operating income of $4.7 billion this year through the end of September.



Long Source Here
Tags: fox news
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