TWC has over 20 million cable subscribers in metropolitan NYC, LA, and other smaller markets.
Unfortunately, neither company would reveal the financials of the deal. Fox was looking for $1 per month per subscriber for the signal, even though it had once given the programming away for free.
"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," added Chase Carey, News Corp. COO.
Written by: Andre Yoskowitz @ 1 Jan 2010 22:56