Fox News wants a massive increase in its cable fees -- which will be paid for by all cable subscriber

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Fox News wants a massive increase in its cable fees — which will be paid for by all cable subscribers
If that rate goes up to $3 per subscriber, Fox News would be earning more than $1.8 billion annually from affiliate revenue alone
Written by Madeline Peltz & John Knefel
Published 4/20/2023



Following Fox News’ massive defamation settlement paid out to Dominion Election Systems, the network is now pursuing an even more aggressive strategy to raise revenue by increasing the fee paid by cable and satellite providers to $3 per subscriber, according to a new report from Vanity Fair.

Fox News executives insist that sponsors have not been spooked by the Big Lie scandal, nor have the cable and satellite providers that carry the network. In the negotiations that are taking place this spring between Fox and the likes of Comcast, Fox wants to break past the three-buck mark—meaning three dollars per cable household per month, according to sources familiar with the matter. Even though the American cable universe is shrinking, Murdoch and his son Lachlan Murdoch are still extracting billions of dollars.

These fees are the majority of revenue for Fox, more even than advertising, and they are significantly higher than those charged by the network’s competitors. Fox has been able to raise prices and charge disproportionately high rates due to its history of deceptive and aggressive negotiating tactics during contract renewal talks with providers.

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https://www.mediamatters.org/murdoch-family/fox-news-wants-massive-increase-its-cable-fees-which-will-be-paid-all-cable