Saturday, January 2, 2010

Time Warner, Fox Extend Cable Talks

Time Warner Cable Inc. and News Corp. were nearing a new television-programming agreement Friday, according to people familiar with the matter, bringing a possible end to a fierce negotiation that each side characterized as a crossroads for the television business.

The impasse, which threatened the loss of programs in millions of homes in New York, Los Angeles, Dallas and elsewhere, has been the most high profile of several year-end negotiations between TV companies and firms that pipe TV into homes.

About 3.1 million Cablevision Systems Corp. customers saw cable channels Food Network and HGTV go dark, and more expiring programming ...

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