Bloomberg News

DirecTV Reaches Agreement With Fox to Avoid Loss of Programming

October 31, 2011

Oct. 31 (Bloomberg) -- DirecTV, the largest U.S. satellite- TV service, reached a new programming agreement with News Corp.’s Fox providing continued access to FX and 26 other networks for its 19 million subscribers.

“We both know the past 10 days have been challenging, but we’re pleased that both sides could eventually come together to ensure our viewers continue to enjoy Fox programming,” El Segundo, California-based DirecTV said today in a statement.

Financial terms weren’t announced. DirecTV had threatened to stop airing the networks, which include 19 regional sports channels, on Nov. 1 if Fox didn’t back down from demands for a 40 percent price increase. FX offers shows including “Sons of Anarchy” and “It’s Always Sunny in Philadelphia.”

DirecTV, the second-largest U.S. pay-TV service after Comcast, fell 0.2 percent at the close in New York. The stock has gained 14 percent this year. Class A shares of New York- based News Corp., controlled by Rupert Murdoch, fell 1.6 percent to $17.52 and is up 20 percent.

--Editors: Rob Golum, Peter Elstrom

To contact the reporter on this story: Alex Sherman in New York at asherman6@bloomberg.net

To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net


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