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The drama of the New Year's Eve showdown between Fox and Time Warner Cable has thrust LED Spotlight the arcane biz issue of retransmission consent rights into the spotlight LED Grow Light for consumers and lawmakers.
The political pressure LED Driver applied by Sen. John Kerry (D-Mass.) and FCC chairman Julius Genachowski as the midnight deadline loomed Thursday likely influenced Fox's decision to grant a series of temporary three-hour contract extensions that prevented the channels from going dark while the sides kept negotiating. Fox and Time Warner reached an agreement about midday Friday after a marathon two-day negotiating session in conference rooms on the 20th Century Fox lot.
Both sides refused to comment on financial terms of the deal per the terms of what were described as ironclad nondisclosure agreements inked by execs from both camps.
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