Jan 1 Time Warner Cable TWC.N will be allowed
to carry Viacom Inc's VIAb.N MTV, Nickelodeon and Comedy
Central channels, the companies said after they reached an
in-principle distribution agreement.
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 Jan. 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 (TWX.N) 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