Friday, July 20, 2012

Viacom, DirecTV: Time Warner Cable, Hearst Agree to Terms

After a nine-day blackout, Viacom Inc. and DirecTV Group Inc.  reached a long-term deal to restore Nickelodeon, Comedy Central, MTV and other Viacom channels to DirecTV's system. Separately, Time Warner Cable and Hearst Corp. settled their contract dispute, returning Hearst broadcast channels to Time Warner Cable systems.

Terms of the agreements, as usual, were not released. But a reasonable person would say that Viacom got less than it wanted, while DirecTV paid more than it might have preferred.

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