News Corp: Carriage Fights Cost $47 Million In Revenue

By Jon Lafayette
published

News Corp., which reported its second-quarter earnings on Wednesday, said that its carriage dispute with Dish Network cost the company $30 million in lost revenue.

A retransmission-consent fight with Cablevision Systems cost the company another $17 million in lost ad revenue, the company said during a conference call with securities analysts.

In both cases, News Corp. was trying to extract higher per-subscriber fees for its channels.

The Dish dispute knocked News Corp. cable channels, including FX, National Geographic Channel and its regional sports networks off the satellite distributor for about a month.

The Cablevision disconnect knocked Fox Broadcasting off Cablevision for about a month in October, affecting two World Series games and some NFL contests, as well as some cable networks.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.