video Business
Viacom, Charter extend deadline
7:52pm IST - 01:07
A source says the two media companies agreed to extend their carriage renewal deadline, averting a blackout of Viacom programming. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
Spectrum's cable customers have averted a Nickelodeon blackout - for now. A source says the operator of Nickelodeon, Viacom, agreed to extend the Sunday renewal deadline with the parent of Spectrum, Charter Communications. A blackout would have also included other Viacom networks such as MTV and Comedy Central. The stakes are high. An analyst at Viacom's second largest sharehodler, Gabelli, estimates Viacom stands to lose about $760 million if the two sides don't cut a deal. That's about 16 percent of Viacom's annual affiliate revenue. Evercore ISI analyst Vijay Jayant thinks the companies will arrive at an agreement because "the long-term partnership between the two is mutually beneficial." He says Charter is committed to boosting its video subscriber base and that Viacom still heavily relies on affiliate distribution channels. Cord cutting has pressured both sides as audiences flock to cheaper streaming services like Netflix and Amazon Prime Video. Investors relieved. Shares of both Viacom and Charter rising at the market open Monday.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Viacom, Charter extend deadline
7:52pm IST - 01:07
Top News »
10:12pm IST - (4:16)
8:50pm IST - (0:51)
4:58pm IST - (0:57)
3:03pm IST - (0:55)
3:11am IST - (1:35)
Sun, 15 Oct, 2017 - (1:27)
Sun, 15 Oct, 2017 - (1:34)
1:50am IST - (2:48)
Sun, 15 Oct, 2017 - (1:21)
Sun, 15 Oct, 2017 - (1:36)
Sun, 15 Oct, 2017 - (1:20)
Sat, 14 Oct, 2017 - (1:35)
Rough Cuts »
8:50pm IST - (0:51)
7:21pm IST - (0:50)
6:33pm IST - (1:04)
4:58pm IST - (0:57)
3:38pm IST - (0:58)
3:17pm IST - (0:55)
3:03pm IST - (0:55)
Sun, 15 Oct, 2017 - (1:18)
Sun, 15 Oct, 2017 - (1:07)
Sat, 14 Oct, 2017 - (0:50)
Sat, 14 Oct, 2017 - (0:59)
Fri, 13 Oct, 2017 - (2:42)
Technology »
8:08pm IST - (1:30)
2:06pm IST - (2:21)
Fri, 13 Oct, 2017 - (1:51)
Thu, 12 Oct, 2017 - (1:22)
Wed, 11 Oct, 2017 - (1:32)
Wed, 11 Oct, 2017 - (2:12)
Tue, 10 Oct, 2017 - (2:07)
Mon, 09 Oct, 2017 - (1:37)
Sat, 07 Oct, 2017 - (1:38)
Fri, 06 Oct, 2017 - (3:08)
Thu, 05 Oct, 2017 - (1:31)
Thu, 05 Oct, 2017 - (2:33)
Oddly Enough »
Thu, 12 Oct, 2017 - (1:18)
Wed, 11 Oct, 2017 - (1:09)
Tue, 10 Oct, 2017 - (1:32)
Mon, 09 Oct, 2017 - (1:00)
Sat, 07 Oct, 2017 - (1:43)
Thu, 05 Oct, 2017 - (1:53)
Thu, 05 Oct, 2017 - (1:50)
Thu, 05 Oct, 2017 - (1:31)
Thu, 05 Oct, 2017 - (0:55)
Fri, 29 Sep, 2017 - (1:39)
Fri, 29 Sep, 2017 - (1:13)
Thu, 28 Sep, 2017 - (1:53)
Entertainment »
5:01pm IST - (1:40)
Thu, 12 Oct, 2017 - (1:57)
Fri, 13 Oct, 2017 - (1:07)
Thu, 12 Oct, 2017 - (1:11)
Wed, 11 Oct, 2017 - (0:59)
Wed, 11 Oct, 2017 - (1:42)
Wed, 11 Oct, 2017 - (1:43)
Wed, 11 Oct, 2017 - (1:54)
Wed, 11 Oct, 2017 - (1:29)
Mon, 09 Oct, 2017 - (1:59)
Tue, 10 Oct, 2017 - (2:04)
Tue, 10 Oct, 2017 - (2:23)