A looming blackout of Fox-owned cable networks for DirecTV subscribers has been averted, as the two companies have agreed to a new contract, reports The New York Times’ Media Decoder blog.
Both sides had been warning customers that the networks would go dark on DirecTV’s system if a new contract weren’t accepted by Nov. 1. The two companies reached an agreement about nine hours before a blackout would have gone into effect, the story notes.
The companies didn’t disclose the terms of the agreement on Monday evening, the piece adds.
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