'American Idol' renewal deal expected

[dfergie]

CKX, Fox expected to reach deal in coming months

By Georg Szalai

X Inc. expects to successfully conclude long-running talks with Fox about a renewal of "American Idol" in the coming months, CKX CFO Thomas Benson said Tuesday

"We would all be stunned if Fox walked away," he said on CKX's quarterly earnings conference call when asked about that possible scenario. "That would be an economic suicide."

He added that talks with other networks could and would only start if the Fox negotiations failed for some reason.

Source & More: hollywoodreporter.com