Cablevision Systems Corp. and Fox Networks reached an agreement ending a two-week stalemate marked by heated rhetoric, legal actions and missed sporting events.
The animosity continued even after an agreement was reached as Cablevison complained about agreeing to pay Fox "an unfair price" and about "the absence of any meaningful action" from the Federal Communications Commission.
Tags: Cablevision, Fox TV, New York Giants
NEWS CORP. PULLS THE PLUG ON FOX 5 AND MY9 FOR CABLEVISION CUSTOMERS
Tags: Cablevision, Fox Sports, New York City, New York Giants, New York Giants Blogs, New York Giants News
From Kelly Riddell of Bloomberg.com...
Cablevision Systems Corp. customers in New York City may lose News Corp.?s Fox broadcast signal, including this weekend?s Giants football telecast, if the two companies fail to agree on a new transmission contract.
"An analyst commenting on the desire of Cablevision to sell off some of its holdings said today the Knicks likely are worth $500 million, well above the NBA average franchise value of $150 million."
Cablevision said today it is considering "several options to boost its stock price, including spinning off some of its diverse holdings". It did not say which businesses it would consider selling.