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The X Factor was a smash (10.2 million viewers for the finale), and when Cowell approached Fox in 2005 for renewal of his Idol contract, he threatened to sell X Factor to a competing network.
FORBES: Celebrity 100
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The Internet Corporation for Assigned Names and Numbers' (Icann) initial application for contract renewal was rejected the US Department of Commerce.
BBC: Net body Icann pledges to be more open
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The 57-year-old Chernin has been at the center of speculation for months as negotiations over his contract, which was up for renewal June 30, have languished.
FORBES: Magazine Article