Fox News Gets Big Hike in Cablevision Renewal

FOX NEWS GETS BIG HIKE IN CABLEVISION RENEWAL
[SOURCE: Broadcasting&Cable, AUTHOR: John M. Higgins]
In the first major deal to secure rate hikes from cable operators, Fox News Channel cut a carriage deal with Cablevision Systems that will nearly triple the network's license fee. Neither side would disclose the terms, but an industry source familiar with the negotiations says that the deal will pay Fox News an average of more than 75 cents monthly, up from roughly 25 cents the network has been fetching. Fox News executives have spoken frequently about demanding $1 per sub, but even Chairman Roger Ailes has acknowledged publicly that was a negotiating stance and that he expected large operators to pay substantially less. Wall Street analysts have generally said they'll be excited if Fox News fetches more than 50 cents per sub.
http://www.broadcastingcable.com/article/CA6381509.html

* Cablevision, Fox News Reach Deal
http://www.multichannel.com/article/CA6381417.html?display=Breaking+News