Time Warner Cable and Viacom reach deal
LOS ANGELES -- 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
- MTV 2
- MTV Hits
- MTV Jams
- MTV Tr3s
- Nick 2
- The N
- TV Land
- VH1 Classic
- VH1 Soul
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