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DirecTV CFO: NFL Won’t Dictate Terms of Disney Carriage Fight

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DirecTV CFO: NFL Won’t Dictate Terms of Disney Carriage Fight

Two days after Disney pulled its signals from DirecTV, the satcaster indicated that it plans to continue to fight its carriage battle with the home of ESPN and ABC, despite the disruptions a long-running blackout would impose on its customer base.

Speaking to analysts Tuesday morning, DirecTV chief financial officer Ray Carpenter said the company will not cave to the considerable pressures exerted by the start of the NFL season. In the wake of Sunday’s blackout, some 11 million DirecTV subscribers are in danger of missing out on the Sept. 9 Monday Night Football kickoff.

“One reason we won’t cave is I’m a die-hard Bears fan, [and] even though [Aaron] Rodgers now plays for the Jets, I’m still not interested in watching him play,” Carpenter joked, when asked about a timeline for a resolution. Rodgers and the Jets open the season against the 49ers in a game that will be available via four Disney linear-TV networks and the ESPN+ streaming platform.

Carpenter went on to note that DirecTV was not swayed by the looming NFL kickoff while it was negotiating a new carriage deal with Nexstar Media Group in 2023. While Nexstar execs predicted that the satcaster wouldn’t dare risk disrupting the fall football slate, an agreement wasn’t reached until Sept. 18—or two weeks after the NFL season got underway.

“This is much more than a run-of-the-mill dispute; this is more existential for us,” Carpenter said. “We would hate for our customers to not have access to any of the great content that is available via the Disney channels, but we’re not playing a short-term game.”

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DirecTV is agitating to create more flexible packaging models for its customers as programmers like Disney increasingly drive more of their premium content away from linear TV and onto various streaming services. While there are many similarities between this latest beef and the Charter-Disney showdown of a year ago, DirecTV is at a particular disadvantage because it has no side hustle (broadband, original programming, etc.) by which to help take some of the pressure off its core video business.

While Carpenter said that Disney’s looming NFL opener won’t serve as a virtual deadline for a new deal, he also did not altogether write off a speedy resolution. “The resolve is there, and it doesn’t mean that we’re not going to work as hard as we can to find some sort of agreement,” Carpenter said. “But we definitely did not go into this thinking, ‘hey, let’s just see how much of this we can leverage before the Monday Night Football game comes around and then we’ll make a deal.’ We’re prepared to take this as long as it needs to for us to get what is most important for us.”

For its part, Disney said it is willing to negotiate more flexible programming packages, but not at a price that “undervalues [its] portfolio of television channels and programs.”

The Disney signals went dark in DirecTV homes just before Sunday night’s USC-LSU game kicked off on ABC. Despite the widespread outage, ABC still managed to deliver 9.2 million viewers in a game that peaked with 11.1 million impressions. That said, as an over-the-air broadcast network, ABC’s signals can be intercepted via an antenna.

Carpenter’s remarks came at the tail end of a half-hour presentation in which DirecTV laid out the particulars of the dispute. Based on the third-party data DirecTV used in its calculations, Disney’s programming costs the satcaster upwards of $2 billion per year, or around $270 per subscriber. These dollar figures are a key reason why operators rarely prevail in carriage fights. After all, consumers tend to begrudge the people who take their money, and it’s not as if anyone is sending off monthly checks directly to ESPN.

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As with all carriage disputes, a protracted blackout would put DirecTV as risk of further accelerating its customer churn rate. As it is, DirecTV has been pummeled by the ongoing cord-cutting movement, losing more than 6 million subs in the last five years. At this time in 2019, the satcaster boasted nearly 17 million customers.

Traditional pay-TV providers lost 1.67 million subs in the second quarter of 2024, with the satcasters DirecTV and Dish accounting for 30% of those defections. While a much-discussed merger between the two satellite-TV companies would give them much greater leverage in future carriage scraps, a deal remains wholly in the realm of speculation. (Whether the federal government would approve such a merger is a whole ‘nother ball of wax.)

Disney reached a deal with Charter just hours before the Bills and Jets kicked off the 2023 Monday Night Football campaign. Per Nielsen, 21.6 million fans tuned in.

Shortly after Tuesday’s call ended, DirecTV attempted to enlist the support of three college sports conferences in the battle of hearts and minds, sending letters to the powers-that-be at the SEC, ACC and Big 12.

“Disney’s unwillingness to evolve will significantly accelerate the decline of pay TV, making it harder and more expensive for your fans to watch the teams they love,” wrote DirecTV head of state and local affairs Hamlin Wade. “We’re asking you to please work with your chancellors and presidents, and your elected officials to empower fans and push for flexibility in the marketplace.”

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Massive 7.5-magnitude earthquake hits off Japanese coast, tsunami alert issued

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Massive 7.5-magnitude earthquake hits off Japanese coast, tsunami alert issued

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A strong earthquake took place off the northern coast of Japan Monday afternoon, prompting the Japan Meteorological Agency to put out a tsunami alert in the area.

The quake, registering a preliminary magnitude of 7.5, occurred off the coast of Sanriku in northern Japan at around 4:53 p.m. local time, at a depth of about 6 miles below the sea surface, the agency said.

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A television screen shows a news report on Japan Meteorological Agency’s tsunami warning, saying it expected tsunami waves of up to 3 meters (9.84 feet) to reach large coastal areas in northern Japan after an earthquake struck off the northeastern coast of Japan, in Tokyo, Japan April 20, 2026 (REUTERS/Issei Kato)

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A tsunami of around 2.6 feet was identified at the Kuji port in the Iwate prefecture while a tsunami of 1.3 feet was recorded at a different port in the prefecture, the agency indicated.

The Iwate prefecture put out non-binding evacuation advisories for those living in 11 towns.

A tsunami of as high as 10 feet could strike the region, the agency indicated.

RUSSIAN VOLCANO ERUPTS FOR FIRST TIME IN CENTURIES AFTER MASSIVE EARTHQUAKE STRIKES KAMCHATKA PENINSULA

A policeman picks his way through the debris looking for bodies in Rikuzentakata, Iwate prefecture, on March 22, 2011, after the devastating March 11 earthquake and tsunami.  (TORU YAMANAKA/AFP via Getty Images)

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A powerful 9.0 magnitude earthquake and tsunami in 2011 wreaked havoc in Japan, leaving over 22,000 dead and compelling nearly 500,000 people to flee their homes, most of them because of tsunami damage.

TRAVELERS MUST PAY FEE, PASS SCREENING BEFORE VISITING POPULAR DESTINATION UNDER NEW RULE

 In this satellite view, the Fukushima Dai-ichi Nuclear Power plant after a massive earthquake and subsequent tsunami on March 14, 2011 in Futaba, Japan. (DigitalGlobe via Getty Images via Getty Images)

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Around 160,000 fled their residences due to radiation from the Fukushima Daiichi nuclear power plant — around 26,000 have not come back because they resettled somewhere else, their hometowns are still off-limits, or they harbor concerns regarding radiation.

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The Associated Press contributed to this report

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Who is Rumen Radev, the former pilot who wants to give Bulgaria wings?

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Who is Rumen Radev, the former pilot who wants to give Bulgaria wings?

Bulgaria’s former President Rumen Radev, an EU critic who has called for renewing ties with Russia, hailed a “victory of hope” on Monday after his Progressive Bulgaria (PB) coalition topped the polls in Sunday’s election, the eighth such parliamentary vote in five years.

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Many voters see Radev, a former fighter pilot, as the only person capable of giving the corruption-plagued Balkan nation a fresh start.

The 62-year-old has presented himself as a defender of the lowest earners in the EU’s poorest country as he walks a tightrope on European issues.

He has hailed the benefits Bulgaria has reaped from EU membership while calling for dialogue with Russia as its full-scale invasion of Ukraine rages into a fifth year.

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“Bulgaria is in a unique position, because we are the only EU member state that is both Slavic and Eastern Orthodox,” Radev, who was president for nine years, said recently.

“That should be used … and we really can be a very important link in this whole process, which I am sure will sooner or later begin, to restore relations with Russia,” he added.

Last year, as president, he called for a referendum on Bulgaria’s entry into the eurozone, saying the Balkan country was not ready to join. Yet his proposal failed and Sofia adopted the joint European currency on 1 January.

Radev has also slammed military aid to Ukraine and the EU, trying to turn its back on Russian oil and gas.

“Geographically, economically, in terms of resources and as a market, we need to rebuild those relations,” he insisted.

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Raised fist

For sociologist Parvan Simeonov, Radev is hard to figure out, like many leaders in the region who, “depending on the visiting delegation, choose whether or not to fly the Ukrainian flag in the background.”

Radev insists he embodies distrust of the country’s elites and oligarchs, denying any links to them.

A graduate of the elite US Air War College, he later served as the head of the Bulgarian Air Force.

He entered politics in 2016 and later won a presidential election to the largely ceremonial post.

Born in 1963 in the southeastern town of Dimitrovgrad, the austere and reserved man lacks the polish of seasoned communicators.

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When he vows to regulate public tenders through AI or to reform the much‑criticised judicial system, he sometimes gives the impression of reciting a memorised text.

Yet he won over some liberal pro-European voters when he openly supported protesters at anti-corruption rallies in 2020.

Radev walked out of the presidential palace with his fist raised to join the protests that ultimately toppled conservative Prime Minister Boyko Borissov a year later.

Radev was re‑elected head of state in 2021 with two-thirds of the vote.

Modest lifestyle

Late last year, Radev once again backed anti-corruption protesters, and when the last government resigned in December, he stepped down as president to run in the election.

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Radev’s left-wing conservative movement, Progressive Bulgaria, brings together a plethora of figures including military officers, former socialist officials and athletes, and the union leader of the country’s main arms manufacturer, which has boomed from supplying Ukraine’s army.

Radev is campaigning to combat social inequalities and promote budgetary discipline without calling for radical change, said Simeonov.

His promises of a return to stability appeal to voters tired of facing election after election.

Married with two children and intensely patriotic, Radev also wooed voters with a modest lifestyle and his defence of what he calls family values.

A campaign video shot in a village shop that went viral showed Radev soothing the grocer, upset over rising prices and Bulgaria’s entry into the eurozone.

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Political instability

Sunday’s election follows five years of near-permanent crisis in which no government has survived a full term.

Instead, the country has cycled through caretaker administrations, fragile coalitions and short-lived alliances that have often collapsed amid scandal.

Public trust has all but evaporated. Voter turnout, once a barometer of democratic engagement, has entered a state of chronic decline.

This prolonged instability has unfolded against a backdrop of deepening internal divisions and mounting external pressure.

Russia’s full-scale invasion of Ukraine has exposed a stark fault line running through both society and the political class, one that continues to define the national conversation.

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And yet, paradoxically, Bulgaria has, in this same period, taken major steps forward in its European integration — joining Schengen and adopting the euro — often without a functioning government or even a passed state budget.

Meanwhile, delays in reforms have slowed access to EU recovery funds, raising the risk of losing billions.

More than 60% of the votes had been counted by Monday morning, according to the Central Electoral Commission, putting Radev’s PB in the lead with around 45%, an absolute majority of at least 132 seats in the 240-seat parliament.

The outcome of the election is set to not only shape Bulgaria’s domestic trajectory but will also be closely watched across the EU, as the bloc fears further instability in any of its member states.

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Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers

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Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers

NEW YORK (AP) — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.

The price of U.S. crude oil increased 6.4% to $87.90 per barrel an hour after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 5.8% to $95.64 per barrel.

The market reaction followed more than two days of lifted hopes and dashed expectations involving the strait. Crude prices plunged more than 9% Friday after Iran said it would fully reopen the strait, which it effectively controls, to commercial traffic.

Tehran reversed that decision and fired on several vessels Saturday after President Donald Trump said a U.S. Navy blockade of Iranian ports would remain in effect. On Sunday, Trump said the U.S. attacked and forcibly seized an Iranian-flagged cargo ship that allegedly tried to get around the blockade. Iran’s joint military command vowed to respond.

Sunday’s higher prices wiped out much of the declines seen Friday, signaling renewed doubts about how soon ships will again transport the vast amounts oil the world gets from the Middle East.

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The US-Israeli war against Iran, now in its eighth week, has created one of the worst global energy crises in decades. Countries in Asia and Europe that import much of their oil from the Gulf have felt the most impact of halted supplies and production cuts, although rapidly rising gasoline, diesel and jet fuel prices are affecting businesses and consumers worldwide.

Asked when he thought U.S. motorists would again see gas cost less than $3 a gallon on average, Energy Secretary Chris Wright said prices at the pump might not go down that much until next year.

“But prices have likely peaked, and they’ll start going down,” Wright told CNN’s “State of the Union” on Sunday.

The price of crude oil — the main ingredient in gasoline — has fluctated dramatically since the U.S. and Israel attacked Iran on Feb. 28, and as Iran retaliated with airstrikes on other Gulf states. Crude traded at roughly $70 a barrel before the conflict, spiked to more than $119 at times, and previously closed Friday at $82.59 for U.S. oil and $90.38 for Brent.

Industry analysts have repeatedly warned that the longer the strait is closed, the worse prices could get.

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A fragile, two-week ceasefire between the U.S. and Iran is set to expire Wednesday, while escalating tensions in the Strait of Hormuz puts the fate of new talks to end the war into question.

Even if a lasting deal to reopen the Strait of Hormuz emerges, analysts say it could take months for oil shipments to return to normal levels and for fuel prices to go down. Backed-up tanker traffic, shipowners concerned about another sudden escalation, and energy infrastructure damaged during the war are factors that could impede production and shipment volumes from returning to pre-war levels.

A gallon of regular gas cost an average of nearly $4.05 a gallon in the U.S. on Sunday, according to motor club federation AAA. That’s about 8 cents lower than a week ago, but far higher than $2.98 before the war.

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