Time Warner Cable (NYSE: TWC) agreed Thursday to a 30-day cooling off period in its negotiations with Fox Network.
The cable company also asked Fox, a subsidiary of billionaire Rupert Murdoch’s News Corp. (NASDAQ: NWSA), to do the same. During this time, Time Warner Cable will continue to carry Fox programming.
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The two companies have been embroiled in a dispute over carrier fees.
Fox has said that it needs to be paid about $1 per month to broadcast signals that are retransmitted to Time Warner Cable Inc. subscribers.
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