Witching-Hour Deal for Cablevision and Viacom

Agreement caps a good day for cable carriage pacts

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Cablevision and Viacom have finally reached a deal, and not a moment too soon.

With about an hour to go before Times Square was set to usher in the New Year to the strains of "Auld Lang Syne," the cable provider and the entertainment conglomerate have hammered out a deal to keep SpongeBob and the Situation lit up in New Jersey and Long Island. 

It's the third cable agreement of the day: earlier, NBCUniversal signed a multi-year pact with the National Cable Television Cooperative (NCTC), a deal which will mark the first time the cable provider will pay a fee to retransmit NBC broadcast; and Charter, which provides cable services to much of the Southeast, signed a multi-year deal with Disney that includes the upcoming ABC News/Univision joint venture network.

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