1 Dollar A Month For Fox News Channel

It’s official: Officials at Fox News “are floating a proposal seeking a license fee of $1 per month per subscriber,” Multichannel News reports. “The asking price represents a steep hike over its current rate, largely in the 25 to 30 cents range, according to distribution executives.”

Cable ops signed 10-year deals back in 1996, but now “Fox wants five-year deals, with the proposal also covering provisions for a 3-cent hike in the monthly fee for the news network over each year of the contract.”

A distributor exec tells Mike Reynolds: “For a lot of people, Fox News is the only channel. There will be push-back, but it’s going to be difficult for someone not to take it.”

Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.