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Comcast resolves disputes with YES network


Maxman

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Yankee baseball is back. YES!!!

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Cable giant Comcast Corp. has reached an agreement to continue carriage of Fox News Channel, the two companies said, averting a blackout that would have left millions of viewers without access to the popular network.

As part of the deal, Comcast CMCSA, -1.10%   and Fox News-parent 21st Century Fox FOX, -0.84%   have also come to terms on a new distribution agreement for Fox’s YES regional sports network, which is home to the New York Yankees. Comcast stopped carrying YES in late 2015 because of a contract dispute.

Keeping Fox News is important for Comcast, one of the nation’s largest pay-TV distributors with over 20 million subscribers. The news network is coming off its best year ever in terms of ratings and has a loyal audience.

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Terms of the roughly four-year pact weren’t disclosed, but people familiar with the matter said Comcast’s monthly carriage fee for Fox News will exceed $1.50 per-subscriber initially, with annual increases. According to consulting firm SNL Kagan, Fox News trails only ESPN, TNT and Disney Channel in subscription fees. Although there is an accord on YES, it won’t immediately return to Comcast subscribers. The channel will likely not be back until after the baseball season starts in the spring, people with knowledge of the pact said.

 

 

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