We are currently in negotiation with FOX Corporation to continue to offer their cable networks, including FOX News, FOX Business News and FS1 to our customers. Every few years contracts need to be renegotiated for various channel groups and cost is a factor with the contract. Spencer Municipal Utilities has banded together with over 700 independent cable companies to have the power of acting as one large group, which allows us to get better pricing and terms in our agreements.
Rest assured, we are working diligently to complete a fair and reasonable agreement with FOX to ensure you continue to receive these networks. Our customers are NOT at risk of losing any of those networks prior to the December 31, 2019 deadline because FOX must contractually provide the signals through this date. However, at that time, FOX may choose to pull their networks from our customers. We will work hard to avoid this and will continue to update you. Visit our website at www.smunet.net for updates.