Business

Time Warner Cable and Viacom reach deal

Wednesday, December 31, 2008

Time Warner Cable Inc. says it has reached a deal with Viacom Inc. on carriage fees, avoiding a blackout of 19 cable channels including MTV and Comedy Central.

The two sides, citing disagreement over fee hikes, had threatened a damaging blackout at midnight that would have cut off shows such as "SpongeBob SquarePants" and "The Colbert Report" to about 15.7 million subscribers.

Shortly after agreeing to extend a midnight deadline by an hour, Time Warner Cable spokesman Alex Dudley said the sides agreed on a new contract.

Details of the deal were not immediately available.

The channels that would have been affected are:

  • Comedy Central
  • CMT: Pure Country
  • Logo
  • Palladia
  • MTV
  • MTV 2
  • MTV Hits
  • MTV Jams
  • MTV Tr3s
  • Nickelodeon
  • Noggin
  • Nick 2
  • Nicktoons
  • Spike
  • The N
  • TV Land
  • VH1
  • VH1 Classic
  • VH1 Soul


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