The Renewals Are Coming…

After noting that FNC’s cable revenues boosted News Corporation’s bottom line for the last quarter, Multichannel News says:

“Cable revenue could go even higher in the coming fiscal year, when many of Fox News Channel’s carriage deals with cable and direct-broadcast satellite service providers expire. News Corp. has been said to be seeking as much as $1 per subscriber, per month from cable operators and DBS providers for Fox News, a substantial increase from its current 25-cent fee. The Fox News deals are expected to come up for renewal later this year and into early next year.

‘We look forward to commencing the renewals of Fox News Channel during the upcoming fiscal year,’ News Corp. chief financial officer David DeVoe said on the conference call.”