Execs at News Corp are pleased “by the fresh cash they expect once Fox News starts renegotiating affiliate deals,” Variety reports. The first deal expires in September 2006. “The bulk will be renegotiated within two years; all will be wrapped up in four. Chernin said each additional 25 cents per subscriber — ‘and believe me, we think we’re worth a lot more than that — is worth $250 million to the bottom line.’ Fox now receives about 23 cents per sub, roughly half of CNN’s take, ‘and we beat them at least 2-to-1 every day of the week,’ Murdoch said.” (Via What’s Happening At CNN)
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