Viacom, TWC Strike Deal

NEW YORK After running past the initial midnight deadline and into 2009, Viacom and Time Warner Cable reached a tentative deal to keep MTV Networks’ 19 channels on the MSO’s 13.3 million households nationwide.

Although Viacom threatened to shut off the signal in Time Warner Cable’s markets of New York, Los Angeles and elsewhere at 12:01 a.m. on Jan. 1, Viacom granted a one-hour extension just before midnight ET Wednesday and the two sides announced they’d reached an agreement in principle soon afterward.

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