Time Warner, Viacom Reach Deal
Time Warner Cable says it's reached deal with Viacom to avoid blackout of 19 cable channels.
Had the dispute over carriage fees not been settled between the companies, millions of cable TV subscribers would have seen more than a dozen channels from MTV to Comedy Central go dark at a minute past midnight Wednesday.
Time Warner, the nation's second-largest cable operator, proposed an increase in what it pays for Viacom's channels, but the offer had previously been rejected as "a pittance," said Viacom spokeswoman KellyMcAndrew.
High-level phone talks continued Wednesday night.
The impasse, coming at the end of a three-year contract, threatened to blank out shows such as "SpongeBob SquarePants" and "The Colbert Report" to about 15.7 million subscribers to Time Warner Cable and Bright House Networks, an affiliate for which it negotiates programming deals.
Time Warner Cable serves 13.3 million people in New York state, the Carolinas, Ohio, Southern California and Texas; Bright House has 2.4 million customers in Michigan, Indiana, California, Alabama and Florida.
I agree with viacom! The reason is because everything is going up ! Plus about 2 or 3 months ago timewarner raised there pirces up so why shouldn't viacom!
EMVM
11 months agoI can understand why everyone is so upset. It costs so much for everything and now they are going to probly raise the rates for cable if you want to continue to watch those channels that will be affected and that's not right. Personally I only have cable because unfortunatly that is the only way I can get wireless internet. None of the dish networks have wireless for our area and as soon as they do I will switch because of the cost.
tmander67
11 months agoPlease Login or Register to post comments