Right now, Time Warner and News Corp. are locked in a battle over whether the cable company will be able to continue to carry News Corp.’s seven broadcast channels.
News Corp. is threatening to pull its channels from Time Warner Cable (of which we are subscribers, along with many other Manhattanites) by the end of this week if the cable provider doesn’t pony up extra fees, as high as $1 per month per subscriber.
Either way, it’s lose-lose for us customers. We’ll either lose “Glee” or have those enormous fees passed on to us once a deal is inevitably reached. And we don’t know about you, but our TWC bill already went up this month. Still, News Corp. needs the extra cash to make up for lost advertising revenues.
“Good programing is expensive,” News Corp. head Rupert Murdoch, whose News Corp. told shareholders this year. “It can no longer be supported solely by advertising revenues.”
Just consider it another version of a pay wall.
Broadcasters Battling For Cable Fees —New York Times