Fox, Cablevision Agree to End Blackout

Fox and Cablevision have reached a deal that restores Fox programming to Cablevision subscribers.
Author:
Publish date:

NEW YORK (

TheStreet

) --

News Corp.'s

(NWS) - Get Report

Fox unit and

Cablevision

(CVC)

Saturday reached an agreement that will end a blackout of Fox programming for Cablevision subscribers in the New York area.

More than 3 million Cablevision subscribers had been without Fox programming since Oct. 16, the result of a programming fee dispute between the two companies.

But Fox said Saturday that the signals for all stations and cable channels had been restored in time for Game 3 of the World Series, according to the

AP

.

The companies declined to reveal specifics of the agreement that ended the blackout, the

AP

added.

> > Bull or Bear? Vote in Our Poll

Cablevision complained about the price it agreed to pay, although it added that it was less than what Fox was asking before the blackouts, the

AP

reported.

"In the absence of any meaningful action from the FCC, Cablevision has agreed to pay Fox an unfair price for multiple channels of its programming including many in which our customers have little or no interest," Cablevision said, according to the

AP

.

Shares of News Corp. ended Friday 2 cents higher at $16.09.

Shares of Cablevision ended the session up 7 cents at $26.74.

This article was written by a staff member of TheStreet.