News Corp. likely to pull Fox from Time Warner Cable

News Corp. said it’s not likely to reach an agreement with Time Warner Cable Inc. and expects to pull Fox broadcasting from the cable system when their deal expires tomorrow. “We deeply regret that millions of Fox customers will be deprived of our programming,” Chief Operating Officer Chase Carey said today in a memo to employees. “We need to receive fair compensation from Time Warner Cable to go forward.”

The two sides have been unable to come to terms since midyear, Carey said. Time Warner Cable would accept federal mediation, Chief Executive Officer Glenn Britt wrote in a letter to U.S. Senator John Kerry of Massachusetts, a proposal News Corp. rejected. Both sides will continue to negotiate up to the deadline, Carey said. “Fox isn’t looking for fair compensation and we too are prepared to be without the Fox signal,” Alex Dudley, a Time Warner Cable spokesman, said in an interview. “We hope Fox doesn’t punish our customers, but that decision is up to them.”