FOX, Time Warner continue talks into new year

time-warner-fox-logo.jpg UPDATE 2: The New York Times and Deadline Hollywood report that talks were continuing Friday morning, though there's still no deal. The FOX affiliate in Los Angeles was still on the air at 12:30 p.m PT.

UPDATE:
As of 8:15 a.m. PT Friday, FOX stations were still on the air. Check back for more updates.

Time Warner Cable didn't pull the plug on FOX at midnight Thursday, but that doesn't mean everything's fine.

The two sides agreed to keep talking past midnight ET Thursday, after FOX's contract with Time Warner Cable expired, according to The New York Times. The continued talks meant that viewers in the eastern half of the country served by FOX-owned stations -- including those in New York, Chicago and Dallas-Fort Worth -- still were able to see those stations as the calendar turned to 2010.

News Corp., which owns FOX and several of the network's biggest local affiliates, wants higher subscriber fees from Time Warner for the right to transmit its signal on cable -- about a dollar per subscriber. Time Warner Cable has countered with an offer of about 30 cents per subscriber, and both sides have engaged in heated PR campaigns blaming the other for the impasse.

The extension of talks doesn't necessarily mean that a deal is imminent, but a source tells the Times that the extra time does indicate that talks have at least been somewhat productive.

Stay tuned.

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