With negotiations at a stalemate and with little hope that either side will give an inch, Time Warner Cable subscribers are likely to see Fox TV stations disappear on New Year's eve, Pali Research analyst Rich Greenfield said in a note to clients on Friday. News Corp, the corporate parent of the Fox network, is seeking $1 per month per subscriber to allow Time Warner to retransmit the signals of Fox's owned-and-operated TV stations. Each side has much to lose if the blackout continues for a significant period. Time Warner Cable could see subscribers flee to satellite services. Fox could see its ratings and advertising revenue plummet. "Fox has the upper hand, leverage-wise," Greenfield wrote, "but the battle is not as lopsided as it appears at first glance, and the risk of regulatory intervention is not in anyone's best interests." He predicted that the two sides will reach an agreement "within days of Fox signals being dropped" in which Time Warner would pay Fox 50-60 cents per month per subscriber. About 3.9 million Time Warner subscribers would be affected in New York, Los Angeles, Dallas, and Austin, Texas.