Spectrum to Keep Viacom Channels
"Spectrum subscribers will continue to have access to Viacom's networks, without disruption, while we finalize terms," the company and Charter said Tuesday in a joint statement.
Spectrum cable TV subscribers won't have to give up their MTV anytime soon, as Charter Communications and Viacom have seemingly avoided a carriage dispute that could have knocked several networks off the service while the companies hashed out their differences in the court of public opinion.
"Viacom and Charter have reached an agreement in principle," the two said Tuesday in a joint statement. "Spectrum subscribers will continue to have access to Viacom's networks, without disruption, while we finalize terms."
Viacom and Charter have been at odds since the cable company put some of the conglomerate's cable channels — Comedy Central, Spike, VH1, MTV — in a higher-priced tier. Also, Viacom, like every other owner of TV networks, wants top dollar from cable companies even as more and more content makes its way to the internet via skinny bundles and digital services.
No terms of the agreement have been disclosed, but it's likely to be viewed as at least a partial victory for Viacom CEO Bob Bakish, who has been engineering a turnaround at the conglomerate since he took over last year.
Charter acquired Time Warner Cable and Bright House Networks last year, giving its Spectrum-branded service roughly 26 million subscribers in about 41 states.