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02.01.2017 01:28:24
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Comcast Reportedly Reaches Carriage Deal With Fox News
(RTTNews) - Cable giant Comcast Corp. (CMCSK, CMCSA) reached an agreement to continue carriage of Fox News Channel, the Wall Street Journal reported, averting a blackout that would have left millions of viewers without access to the popular network.
As part of the deal, Comcast and Fox News-parent 21st Century Fox have also come to terms on a new distribution agreement for Fox's YES regional sports network, which is home to the New York Yankees. Comcast stopped carrying YES in late 2015 because of a contract dispute.
The current Fox News deal was set to expire at midnight December 31.
Terms of the roughly four-year pact weren't disclosed, but report said Comcast's monthly carriage fee for Fox News will exceed $1.50 per-subscriber initially, with annual increases.
Fox Business Network, a sister channel of Fox News, isn't part of this agreement as its contract with Comcast hasn't expired yet.
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