News Corp. COO Defends Retrans Rate Hikes

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Just weeks after News Corp. and Cablevision agreed to terms after a bitter negotiation over program retransmission fees that cut the cable company’s subscribers off from the NFL, the World Series, Glee and other Fox network fare, News Corp. chief operating officer Chase Carey set the stage for significantly higher payments from cable operators in the future.
 
“We could have asked for a lot more,” Carey told attendees at the UBS Media Conference in New York, and would ask for greater sums in the future.

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