Business - Fox Networks Group and Time Warner Cable Strike Comprehensive Deal

To Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks Agreement Provides Continued Uninterrupted Access to Programming Deal Includes Bright House Networks

LOS ANGELES, California USA -- (BUSINESS WIRE)

Tuesday January 5, 2010

The Fox Networks Group and Time Warner Cable announced that they have agreed in principle to a comprehensive distribution agreement to provide more than 13 million households with programming from Fox Television Stations, Fox Broadcasting (FOX), Fox Cable Networks and Fox’s regional sports networks. The deal also includes carriage agreements for Bright House Networks’ 2 million additional subscribers.

“We're pleased that, after months of negotiations, we were able to reach a fair agreement with Time Warner Cable -- one that recognizes the value of our programming”

"We're pleased that, after months of negotiations, we were able to reach a fair agreement with Time Warner Cable -- one that recognizes the value of our programming,” said Chase Carey, Deputy Chairman, President and COO, News Corporation.

“We’re happy to have reached a reasonable deal with no disruption in programming for our customers,” said Glenn Britt, Chairman, President and CEO, Time Warner Cable.

Terms of the agreement were not disclosed.

Fox Networks Group, a primary operating unit of News Corporation, consists of Fox Broadcasting Company (FOX), Fox Cable Networks, FOX Sports and Fox Networks Engineering & Operations. These units produce, program and transmit much of America’s most popular entertainment, sports and information content via 36 owned-and-operated TV networks, video on demand and other media platforms. FOX is America’s most-watched network, and Fox Cable Networks span FX, National Geographic Channel, Nat Geo WILD (coming spring 2010), Fox Reality Channel, Fox Movie Channel, FUEL TV, FSN and 19 regional cable sports networks, SPEED, Fox Soccer Channel, Fox College Sports, Fox Sports en Español and the Big Ten Network (co-venture with the Big Ten Conference).

Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located in five geographic areas — New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. Time Warner Cable serves more than 14 million customers who subscribe to one or more of its video, high-speed data and voice services. Time Warner Cable Business Class offers a suite of phone, Internet, Ethernet and cable television services to businesses of all sizes.

(Business Wire)

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