First on TVNewser: Fox News Channel and Cablevision have inked a new, multi-year carriage agreement. The deal ensures that the news channel will remain in the cable company’s nearly three-million homes around the New York metropolitan area for the foreseeable future.
The terms of the deal were not disclosed, but on earnings calls over the last few quarters News Corp. COO Chase Carey has said he expects to maximize affiliate fees for FNC, comparing the network to ESPN in terms of whether it is a “must-carry” channel.
“We are pleased to have worked with Cablevision to reach a fair agreement that allows us to continue our partnership providing FOX News Channel programming to Cablevision customers,” said Tim Carry, vice president of affiliate relations for FNC, in a statement
The network was believed to be seeking carriage fees as high as $1.25 per subscriber per month. SNL Kagan estimates that the channel currently receives an average of $0.58 per subscriber per month, though those figures are often on the conservative side.
More information in the release, after the jump.
FOX NEWS CHANNEL RENEWS AGREEMENT WITH CABLEVISION
FOX News Channel (FNC) has renewed a multi-year agreement with Cablevision Systems Corp, announced Tim Carry, vice president of affiliate relations for FNC. The new deal will secure the network’s distribution across Cablevision’s subscriber footprint throughout New York, New Jersey and Connecticut.
In making the announcement, Carry said, “We are pleased to have worked with Cablevision to reach a fair agreement that allows us to continue our partnership providing FOX News Channel programming to Cablevision customers.”
The renewal will solidify FNC’s reach in nearly three million homes through the cable provider’s Optimum-branded communications system. The service extends to the surrounding New York City metropolitan area including Long Island, Westchester, Fairfield and Bergen counties.
FOX News Channel (FNC) is a 24-hour general news service covering breaking news as well as political, business and entertainment news. For more than 100 consecutive months, FNC has been the most-watched cable news channel in the country. Owned by News Corp., FNC is available in more than 90 million homes.
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