Fox rejects arbitration with Time Warner Cable

LOS ANGELES, CA -- The Fox broadcast network has rejected an offer from Time Warner Cable to submit to binding arbitration in a dispute over fees.

Chase Carey, chief operating officer of Fox owner News Corp., says the issue needs to be settled at the bargaining table and not through a third party.

Carey told staff in a memo earlier in the day that a signal interruption was likely when the current deal over fees expires at midnight Thursday.

The company did not directly address an offer by Time Warner Cable to continue to carry its signal while talks continue.

If no deal is reached, millions of cable subscribers could lose programs including "The Simpsons" and several football games through the long weekend.

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