Economy

Viacom, Charter Communications Agree to Extension in Carriage Talks

Viacom and Charter Communications agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. Spectrum is owned by Charter Communications Inc.

"Viacom has made a series of very attractive offers to Charter that are consistent with terms we've recently reached with other large cable operators".

If no deal is reached, 16.6 million subscribers of Charter's Spectrum service will lose Viacom's networks, which include Comedy Central, MTV, and Nickelodeon.

Viacom released a statement saying, "Viacom is committed to developing strong, mutually beneficial relationships with our distribution partners".

The cable company added Charter "continues to insist on unreasonable and extreme terms" that could result in customers seeing a "disruption in their service".

"Unfortunately, by threatening to pull their channels, Viacom is dragging you into the middle of their business negotiations", Spectrum posted in an online statement.

Spectrum says their parent company is operating in good faith and remain optimistic a fair deal can be reached soon.

Viacom has been running advertisements over the weekend on the channels asking subscribers to call Spectrum and complain, with some of the ads looking like breaking news crawls that run on the bottom of the screen during programming. The nation's leading companies' current deal is set to expire on Sunday, and more than 16.5 million customers could be affected by the blackout if Viacom and Charter can't settle their dispute over channel pricing.



Like this

Latest


16 October 2017
Bixby 2.0 to Be Announced Next Week at Samsung's Developer Conference
According to a report by the Korean Herald , #The South Korean OEM is planning to release the next edition of Bixby . Interestingly, Bixby is already integrated into Samsung's Gear IconX wireless earbuds.

16 October 2017
Wildfires in Portugal, Spain kill at least 9 people
Spanish police are actively looking for the arsonists and said on Twitter that those responsible could face up to 20 years in prison.

16 October 2017
Manchester United will embrace 'beautiful' atmosphere at Anfield - Mourinho
Both sides are looking to make a big push for a title run this season with Manchester United now joint top of the Premier League . Unbeaten Man Utd move top of the Premier League ahead of Manchester City's 3pm trip to Crystal Palace .

16 October 2017
Strictly Come Dancing: Charlotte Hawkins voted off
NEWS presenter Charlotte Hawkins made the wrong headlines when she became the third celebrity to leave Strictly Come Dancing . Show some more respect get the names of the contestants right if you're going to ditch them out, ' Piers said.

16 October 2017
How Analysts Feel About Howard Hughes Corp (NYSE:HHC)?
It increased, as 28 investors sold ALGN shares while 145 reduced holdings. 35 funds opened positions while 79 raised stakes. RBC Capital Markets maintained Constellation Brands, Inc. (NASDAQ:ISRG). 2,621 were accumulated by Glenmede Trust Na.

16 October 2017
Murder probe launched after teenager, 19, dies following boxing match brawl
But on Sunday night, West Midlands Police confirmed the 19-year-old had since died and a murder investigation had been launched.

16 October 2017
NZ, Peru confirm dates for inter-continental playoff
The match is taking place at Wellington Stadium on Saturday the 11th of November. The victor progresses to the 2018 World Cup in Russian Federation .

16 October 2017
Cullen Capital Management LLC Has $508000 Stake in Royal Gold, Inc. (RGLD)
Pictet & Cie (Europe) Sa stated it has 40,647 shares or 0.39% of all its holdings. 381,261 shares of the company were exchanged. Shares for $2.00M were sold by JENSEN TONY A . 2,000 shares valued at $158,940 were sold by Bogden Gordon on Thursday, June 1.

16 October 2017
Leaked Poster Of Xiaomi Redmi 5A Reveals 8-Day Battery Life
This is also where we spotted the fact that the new device would have 8 days of battery life and would weigh in at 137 grams. The Xiaomi 5A leak has revealed many new features and specifications of the phone including its full metal body.

16 October 2017
Three killed as three floor building collapses in Ejipura
The incident comes on the day a family lost their lives in another building collapse in Gadag district in Karnataka. Home minister Ramalinga Reddy has confirmed that three persons have dead in the incident.



Recommended