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Old 01-01-2009, 06:02 AM
 
26,823 posts, read 41,599,608 times
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FOXNews.com - Time Warner Cable and Viacom Reach Deal, Avoiding Channel Blackout - Celebrity Gossip | Entertainment News | Arts And Entertainment

LOS ANGELES — Time Warner Cable Inc. said Wednesday it 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 Eastern time 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.

The handshake deal meant the channels will not go dark and a joint statement was expected within the hour, Dudley said.

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