On Tuesday, Comcast carried out a $581 million deal that will give it full ownership of Cablevision Systems' regional sports holdings outside of the New York area. Rainbow Media Holdings, a division of Cablevision, will transfer its 60% stake in FSN Bay Area regional channel and a 50% stake in FSN New England.
Comcast announced Monday that it had paid $570 million for Cablevision's stakes in regional sports networks FSN Bay Area in San Francisco and FSN New England. Comcast now has the controlling interest in FSN New England, but will share ownership with News Corp. for FSN Bay Area.
Qwest Communications now offers VoIP service to better compete against rivals already providing the service. The telco is charging $30 a month for local calls plus five cents a minute for domestic long-distance calls, making the overall price significantly higher than competitors'. The service will use Qwest's own fiber-optic network.
Cablevision Systems and Time Warner have reopened talks to end a disagreement that has kept Cablevision's MSG Network and Fox Sports New York off the Time Warner system for nearly two months. The standoff has kept Mets games and other sports events from 2.4 million cable subscribers.
Cablevision has agreed to carry Yankees Entertainment and Sports network as an expanded basic offering in locales where Cablevision's MSG network is shown, a report says. But the deal may never come to fruition because Cablevision refuses to pay YES' $2-per-subscriber carriage fee. Both Cox and Tele-Media have dropped MSG to carry YES, and Adelphia is expected to follow suit.