AT&T, Viacom avert blackout

Credit: Reuters Studio
Published on March 25, 2019 - Duration: 00:54s

AT&T, Viacom avert blackout

Viacom renewed its carraige contract with AT&T.

As Fred Katayama reports, AT&T's DirecTV subscribers were able to avoid a blackout of Viacom programming on channels like MTV and Nickeodon.

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AT&T, Viacom avert blackout

DirecTV subscribers will still get their MTV.

AT&T's pay-TV service just averted a programming blackout.

It renewed a carriage contract with Viacom, ensuring that its users can still watch programs from MTV, Comedy Central, Nickeoldeon and other Viacom channels.

The contract had expired midnight Friday, but the two companies negotiated beyond that deadline to reach a deal early Monday.

The Wall Street Journal reported that price was at the heart of the dispute.

The bad blood had surfaced just last week.

Viacom accused AT&T of abusing its clout after buying the owner of CNN and HBO, Time Warner.

AT&T, for its part, charged that fewer people were watching Viacom's programs. And it accused the content provider of being a "bad actor" in renewal talks.

Wall Street applauded the "actor," pushing up Viacom's shares 5 percent Monday.

AT&T shares fell.

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