Viacom and DirecTV In Deal to Restore Programming

0 Posted by - July 20, 2012 - Career & Business, Economics, Film & Television, Money

viacom directv stewart.top  300x193 Viacom and DirecTV In Deal to Restore ProgrammingViacom and DirecTV announced Friday that they have reached a deal, putting aside their dispute and allowing Viacom’s programming to immediately return to the airwaves.

The agreement ends a fee dispute that had interrupted programmingsince July 10.

Viacom blacked out channels for 20 million customers of DirecTV (DTVFortune 500). Among the channels affected were Nickelodeon, Comedy Central, MTV, Spike and VH1. The blackout came as the companies hit the end of a seven-year deal without agreeing on terms for a new contract.

The companies did not provide a dollar figure on Friday for their new deal, but Nomura analyst Michael Nathanson published a note saying he believes that Viacom got a sizeable fee increase from DirecTV.

CONTINUED at CNN Money.

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