Will Fox Go Dark?

Millions of homes could see Fox News dropped from their cable package if News Corporation fails to reach a deal with Time Warner on a new contract by Thursday night. The two have been locked in a standoff over distribution rights, with Fox insisting it receive a dollar per month per cable subscriber for access to its shows and live broadcast events, a number that Time Warner feels could create a difficult precedent for other stations. Prospects may be bleak for the two sides to reach an agreement before tonight's midnight deadline and News Corp. has refused an offer to enter arbitration. “At this time, it looks like we will not reach an agreement, and our channels may very well go off the air in Time Warner Cable systems,” News Corp. president Chase Carey told employees, according to The New York Times.