updated 1/3/2007 3:53:10 PM ET 2007-01-03T20:53:10

News Corp.'s planned Fox business news channel has landed a deal to be carried on Time Warner Inc.'s cable service if the channel is launched, Fox said Wednesday.

The deal, whose terms were undisclosed, is part of a larger renewal agreement for Fox News, the Speed Channel and carriage of Fox owned-and-operated TV stations on Time Warner's cable service, according to a report in trade publication Multichannel News.

News Corp. executives have said they aim to launch a cable television business network competitor to NBC Universal's CNBC, a cash cow for the General Electric-controlled media and entertainment company. (MSNBC.com is a Microsoft-NBC Universal joint venture.)

Last year, Fox secured an agreement for the planned business channel to be carried to the digital cable subscribers of top U.S. cable operator Comcast Corp.'s territory. Comcast serves about 24 million subscribers over all.

According to the Multichannel report, Time Warner will pay 10 cents to 15 cents monthly per subscriber license fee for the Fox business channel if it launches.

A Fox spokeswoman confirmed the company had reached a distribution deal for the new channel with Time Warner, but declined to give more details.

(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com