Saturday, January 03, 2009

Time Warner, Viacom Settle Disputes

Time Warner and Viacom have reached a settlement over disputes over a proposed increase in fees the cable company pays to carry the channels.

Just before new years Viacom had threatened to pull 19 of its channels , including Nickelodeon, MTV, VH-1 and Comedy Central, off Time Warner Cable if the companies do not reach a deal by Jan. 1. According to the Los Angles Times, at midnight in New York Viacom granted an extension that allowed the two sides to keep talking. The New Year's Day talks avoided a blackout of Viacom's programming in 13.3 million homes in the U.S. served by Time Warner Cable Inc..

The companies have not yes provide the details of the agreement however it looks like SpongeBob SquarePants, Dora the Explorer and South Park are safe and sound.

"We are pleased that our customers will continue to be able to watch the programming they enjoy on MTV Networks," Glenn Britt, chief executive of Time Warner Cable, said in a statement released about 2 a.m. New York time. "We are sorry they had to endure a day of public disagreement as we worked through this negotiation."

No comments:

Post a Comment

All comments will be moderate for content, please be patient as your comment will appear as soon as it has been reviewed.

Thank you