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"American Idol" is saved. Time Warner Cable and News Corp., parent of the Fox broadcast network, have reached an agreement that keeps "Idol," along with all the other Fox programming, on the Time Warner systems in L.A., NY and other markets. "We're pleased that, after months of negotiations, we were able to reach a fair agreement with Time Warner Cable -- one that recognizes the value of our programming," Chase Carey, News Corp. COO said in a statement. No word on details of the deal, specifically how much Fox was able to wrangle from the cable giant (it was going for $1 per subscriber).
More by Mark Lacter:
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Another rugged quarter for Tribune Co. papers
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Best to low-ball today's employment report
Further fallout from airport shootings
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.