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News Corp. Chief Operating Officer Chase Carey On Fox Business


News Corporation Chief Operating Officer Chase Carey spoke with FOX Business Network's (FBN) Liz Claman live from the National Cable & Telecommunications Association Conference in Chicago about the future of cable television. Carey said that companies with “unique branded content” will be the winners in the increasingly “fragmented” world of cable television. He said “it's a faster moving world than ever” and in this digital age it is increasingly important to deliver “a richer experience” to the consumer, which the company has achieved to date with both “social capabilities” and “interactive capabilities.” Excerpts from the interview are below, courtesy of Fox Business Network.

On the winning formula in cable television right now:

Companies that have unique content that the consumer wants. The world gets more fragmented with more choice, what you are going to increasingly value is that unique branded content. Hand in hand with that, the winner will be those who create a great customer experience. Great content married to a great customer experience.”

On the decision to sell MySpace:

“We have made a decision that we think, for MySpace, this is the right time for MySpace to have a different corporate structure that gives it more independence. It has gone through a major restructuring process and we think the independence they get through this process will be good and healthy for them to go out and pursue a future that gives them a fresh energy and a fresh start.”

On who is bidding on MySpace and how much they are asking for it:

“I am not going to get into private transactional details or comments on rumors around these things.”

On how the digital age is changing the payment structure for television content:

“What is clear is customers want to watch what they want to watch, where they want to watch, when they want to watch. We have to deliver that experience. They are going to want a richer experience; social capabilities, interactive capabilities; we have to deliver those experiences to the customer. We have done it to date, but it's a faster moving world than ever.”

On pulling the World Series off of Cablevision:

“The reality is we have gone through a lot of negotiations the last two years. It's the only time we have had to take something off the air. We think we ask for a fair price for our content, we create great content, and as long we reach agreements with most of the distributers out there, all but one, and that one was reached after a reasonably brief interruption. We have negotiated these sorts of agreements for decades and I think we will be able to continue to do so.”

On whether there are more negotiations to come:

“There are always new ones coming. We do dozens of agreements every year and we have gotten through all those agreements with this one disruption. There is a buyer-seller tension but we ask for a fair value for our content.”


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Posted-In: Chase Carey Fox Business Network Liz ClamanNews Management Media

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