Speaking during News Corp.'s quarterly earnings call, Chernin said that Fox has a "very straightforward view" of baseball. "We have enjoyed our relationship with them and are more than happy to renew, if we can make money on the contract. We are not prepared to sign a deal that loses money and we are prepared to walk away," Chernin says.
Sports has long been a loss leader for TV networks, which pay up then often bleed hundreds of millions of dollars. Fox itself has lost $200 million over the term of its current six-year, $2.6 billion baseball deal, which expires after the 2006 season.