DirecTV and Fox have ended their carriage battle.
The pair jointly announced Monday that they've reached a new carriage agreement. DirecTV had earlier threatened to drop Fox Networks channgels including FX, National Geographic and regional sports networks when negotiations broke down.
Fox executives leaked to the media two weeks ago that DirecTV threatened to pull the channels if a renewal to the carriage agreement, which expired Oct. 1, couldn't be reached.
Terms of the new deal were not disclosed, but it was reported that Fox Networks officials were seeking carriage fee increases of as much as 40 percent.
Here's the full statement. More to come…
STATEMENT FROM FOX NETWORKS AND DIRECTV REGARDING THE STATUS OF PROGRAMMING NEGOTIATIONS October 31, 2011 Fox Networks and DIRECTV have reached an agreement for DIRECTV to continue carrying all Fox Networks (including FX, National Geographic Channel, Nat Geo WILD, SPEED, FUEL TV, FOX Soccer, FOX Soccer Plus and FOX Deportes), Fox's regional sports networks, Fox Broadcasting (FOX), the FOX local stations, Fox News Channel and Fox Business Network. We both know the past ten days have been challenging, but we're pleased that both sides could eventually come together to ensure our viewers continue to enjoy Fox programming.