Fox Fight Goes to Washington
Moritz Dispatch
12/31/09 - 11:58 AM EST
NEW YORK (TheStreet) -- With News Corp's Fox Network and Time Warner
Cable at a deadlock over TV programming fees, Washington will likely
force a resolution.
On Wednesday, Fox rejected Time Warner Cable's offer to extend the
current deal and put the dispute before arbitrators. Fox threatens to
open the New Year with a blackout of its shows on the nation's No.2
cable network that serves key markets like Los Angeles and New York
and has even encouraged viewers to switch to satellite TV providers
like Dish and DirecTV.
The battle comes at a particularly critical time for cable shops like
Comcast and Time Warner Cable, which are struggling to hold on to
customers who would rather watch shows free on the Internet or opt for
cheaper bundles of TV, Internet and calling services from phone
companies like AT&T and Verizon.
Click here for why Fox looks like the YES Network of out time. They
don't call it YES for nothing:
http://www.thestreet.com/story/10654454/1/fox-time-warner-head-to-washington.html