UPDATE 1:10PM: Fox just slammed the door to Cablevision’s offer that would’ve saved the World Series for 3 million Cablevision subscribers in the New York area. The sticking point? Fox wants the the proposal Cablevision made, matching Fox’s deal terms with Time Warner Cable, to be extended to MyNetwork TV station WWOR.

We remain committed to negotiating a fair deal with Cablevision, but today’s incomplete proposal is not acceptable.  Cablevision is seeking a discounted “package rate” without buying the entire package.  We have told Cablevision all along we are willing to negotiate a deal – based on an entire suite of channels – under the terms we have reached with Time Warner Cable and other providers, or a stand alone agreement for WNYW FOX5, WTXF FOX29 and WWOR My9.  Cablevision’s offer – sent to the press just as it was provided to us – is yet another in a long line of publicity stunts.

Cablevision immediately responded, accusing Fox of negotiating in bad faith and asking the FCC to intervene.

“On behalf of our customers, we are very disappointed that we offered News Corp. what they asked to be paid for Fox 5 and Fox 29 and News Corp. has said no. It is now clear beyond a shadow of a doubt that News Corp. is operating in bad faith.  We call on the FCC to intervene immediately to restore the Fox signals to Cablevision’s 3 million homes and order News Corp. to agree to binding arbitration to resolve this conflict.”

PREVIOUS 10:40AM: Has Cablevision blinked just hours before Fox’s World Series coverage is set to begin tonight? The cable operator, which is embroiled in a nasty carriage dispute with Fox that blacked out the network in 3 million Cablevision homes, just announced that it has offered Fox the same rate the network gets from Time Warner Cable, something Fox had been asking for all along. There is only one catch, the rate is locked for one year only. Fox’s response is probably coming soon. Here is Cablevision’s statement:

“In the interest of Cablevision’s 3 million households and our mutual viewers, today we have made a new offer to News Corp.  Simply put: we agree to pay the rate Fox charges Time Warner Cable for carriage of WNYW-Fox 5 New York and WTXF-Fox 29 Philadelphia for a period of one year.  This is higher than the rate we pay any other New York broadcast station.  This solution is in the best interest of not only baseball fans but of all Cablevision customers and Fox viewers.  We look forward to a positive response.”