Chase Carey, president and chief operating officer of News Corp., says the company needs to get more money from distributors for its cable networks, FX and National Geographic in particular, accoring to Joe Flint writing in the Los Angeles Times’ Company Town blog.
Writes Flint, "The two networks Carey cited as getting far more than FX were Time Warner’s TNT and NBC Universal’s USA Network. According to SNL Kagan, an industry consulting firm, TNT gets about $1.00 per subscriber per month and USA pulls in 57 cents. FX gets 39 cents.
"Of course, though FX has some strong shows, USA and TNT have bigger hits with shows such as ‘Burn Notice’ and ‘The Closer.’ Also, TNT carries a heavy sports load, which is why its subscriber fee is so much higher than USA’s and FX’s."
Carey made his remarks during a luncheon on Tuesday, Sept. 14, during a Hollywood Radio & Television Society luncheon interview at the Beverly Hilton.
He also stressed the importance of the retrans monies broadcast networks are now receiving from distributors.