Time Warner Cable offers arbitration with Fox

(AP) -- Time Warner Cable says it will agree to binding arbitration to settle a fee dispute with the Fox broadcast network.

CEO Glenn Britt says the cable operator will also agree to whatever interim steps are necessary to preserve uninterrupted access to Fox signals.

Fox, a division of News Corp., is arguing that it needs to be paid more for broadcast signals that are retransmitted to Time Warner Cable Inc. subscribers.

The companies' current deal expires at midnight on Thursday, raising the possibility that some cable subscribers could miss out on college football, including the Sugar Bowl game on Friday.

Fox says it will respond to the offer later Wednesday morning.

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