Fox and Cablevision Reach Agreement; Fox Channels Return to Cablevision
statements from both sides below:
Statement from Fox
Fox Networks and Cablevision
Reach Agreement in Principle to Carry WNYW FOX5, WWOR My9, WTXF FOX29, FOX Deportes, FOX Business Network, and Nat Geo WILD
Viewers to see Game 3 of Major League Baseball World Series and
Sunday’s NFL on FOX with New York Jets against the Green Bay Packers
Fox Networks and Cablevision announced today that they have reached an agreement in principle for a new distribution agreement to provide more than 3 million households with programming from WNYW FOX5 and WWOR My9 in New York, WTXF FOX29 in Philadelphia, and the cable channels FOX Deportes, FOX Business Network, and Nat Geo WILD. The signals for all stations and cable channels were restored Saturday prior to the first pitch of World Series Game 3 on FOX.
Terms of the agreement were not disclosed.
Fox Networks Group, a primary operating unit of News Corporation (NASDAQ:NWS), consists of Fox Broadcasting Company (FOX), FOX Sports Media Group, the company’s national and regional cable programming services, FOX International Channels, and Fox Networks Engineering & Operations. These units produce, program and transmit much of America’s most popular entertainment, sports and information content via 37 owned-and-operated TV networks, video on demand and other media platforms. FOX is America’s most popular network; Fox Networks Group cable channels span FX, National Geographic Channel, Nat Geo WILD, Fox Movie Channel, FUEL TV, FSN and 19 regional cable sports networks, SPEED, Fox Soccer Channel, Fox Soccer Plus, Fox College Sports, FOX Deportes and Big Ten Network (co-venture with the Big Ten Conference); and FOX International Channels include 183 networks delivered in 35 languages across Latin America, Europe, Asia and Africa. The division also includes Fox Sports Enterprises, which manages interests in sports franchises and leading statistical information provider STATS, LLC.
Statement from Cablevision:
FOX PROGRAMMING RETURNS TO CABLEVISION
BETHPAGE, NY, October 30, 2010 – Cablevision Systems Corp. (NYSE: CVC) today reached agreement with News Corp. to return Fox programming to Cablevision. The channels will return to Cablevision immediately and in time for tonight’s World Series game and tomorrow’s NFL match-up between the New York Jets and Green Bay Packers.
The company released the following statement:
“In the absence of any meaningful action from the FCC, Cablevision has agreed to pay Fox an unfair price for multiple channels of its programming including many in which our customers have little or no interest. Cablevision conceded because it does not think its customers should any longer be denied the Fox programs they wish to see.
Cablevision thanks its customers for understanding the reasons for the dispute and for staying with us. We are also grateful to the 175 government leaders who raised their voices to urge government intervention and binding arbitration to prevent this blackout. It is clear the retransmission consent system is badly broken and needs to be fixed.
In the end, our customers will pay more than they should for Fox programming, but less than they would have if we had accepted the unprecedented rates News Corp. was demanding when they pulled their channels off Cablevision.”
The channels returning to Cablevision are Fox 5 (WNYW), Fox 29 (WTXF), My9, Fox Business Network, National Geographic Wild and Fox Deportes.
Cablevision Systems Corporation is one of the nation’s leading telecommunications, media and entertainment companies. In addition to its Optimum-branded cable, Internet, and voice offerings, the company owns and operates News 12 Networks, MSG Varsity and Newsday Media Group. Cablevision’s assets also include Rainbow Media Holdings LLC and its programming and entertainment businesses, AMC, IFC, Sundance Channel, WE tv and IFC Entertainment, as well as Clearview Cinemas. Additional information about Cablevision is available on the Web at www.cablevision.com.