• Most Popular
  • Most Shared

Time Warner Cable, Viacom reach MTV agreement

Thu Jan 1, 2009 7:38am EST

(Reuters) - Time Warner Cable will be allowed to carry Viacom Inc's MTV, Nickelodeon and Comedy Central channels, the companies said after they reached an in-principle distribution agreement.

Entertainment  |  Television

The companies did not provide the details of the agreement in their statement.

Viacom on Tuesday said it will pull its cable television networks off Time Warner Cable if the companies do not reach a deal on carriage fees by January 1.

Viacom was seeking a fee increase of less than 25 cents per month per subscriber from the second-largest U.S. cable operator, which is expected to split from its parent Time Warner Inc this year.

Shares of Time Warner cable, whose top markets include New York, Los Angeles, Dallas and Cleveland, closed at $21.45 Wednesday on the New York Stock Exchange, while those of Viacom closed at $19.06.

(Reporting by Anurag Kotoky in Bangalore; Editing by Vinu Pilakkott)
Entertainment
Television


More from Reuters

A Greenpeace activist dressed as one of the "Four Horsemen of the Apocalypse" rides outside the parliament building during a brief protest in Copenhagen December 13, 2009. REUTERS/Christian Charisius

The face of climate protest

Protesters around the globe called for an end to global warming as climate talks in Copenhagen entered their sixth day.  Video 

    Climate conference
    In this photo reviewed by the U.S. Military, a guard leans on a fencepost as a Guantanamo detainee (L) jogs inside the exercise yard at Camp 5 detention center, at the U.S. Naval Base in Guantanamo Bay, January 21, 2009. REUTERS/Brennan Linsley/Pool

    Life after Guantanamo

    Critics are worried that Gitmo prisoners once dubbed "enemy combatants" will be using prisons as pulpits for anti-American rhetoric once they're moved to U.S. soil.  Full Article 

    U.S.
    Lockheed Martin Chief Executive Robert Stevens answers a question during the Reuters Aerospace and Defense Summit in Washington December 14, 2009. REUTERS/Molly Riley

    Lockheed eyes deals

    The future demands of cybersecurity make that sector one of many the aerospace giant sees as an acquisition target in the coming year.  Full Article 

    Aerospace and Defense Summit