Cablevision, Fox reach programming deal

NEW YORK, Oct 31 (BestGrowthStock) – Cablevision Systems Corp
(CVC.N: ) and News Corp (NWSA.O: ) have a reached a programming
deal which sees the return of the Fox local stations to more
than three million New York area homes after a 15-day blackout.

The Fox stations and some of its sister cable networks,
NatGeo Wild and Fox Desportes, disappeared off the systems of
Cablevision after the cable operator was unable to reach a deal
with Fox over a price rise in programming fees.

With either side refusing to back down, Cablevision
customers ended up missing some of their favorite shows and
sports including the ongoing World Series baseball
championship.

The companies said signals were returned to Cablevision
ahead of the third game of the series on Saturday.

Terms of the new deal were not disclosed. In a series of PR
and advertising campaigns, Cablevision had claimed News Corp
had been demanding to more than double its fee to $150 million
from $70 million.

(Reporting by Yinka Adegoke)

Cablevision, Fox reach programming deal