Though we came very close to a television doomsday, Time Warner and Fox parent company News Corporation reached a last minute deal that prevented a blackout of Fox stations on the cable service, the New York Times is reporting. A breakthrough in negotiations prevented a blackout of Fox channels on Time Warner cable as the two companies battled over subscriber prices, setting the stage for television’s “economic template for the future.”

The impasse between FOX broadcast network and Time Warner Cable continues with less than a day remaining before the cable provider knocks the network and its cable outlets off the dial.

And as each side ratchets up the rhetoric, neither seem willing to show compromise. Could Fox really be gone from homes with Time Warner Cable tomorrow?