Charter Communications, the parent company of Spectrum Cable, reached a deal with media company Viacom Tuesday night that will keep Comedy Central, Nickelodeon, MTV, TV Land, VH1, BET and other Viacom channels on the air for Spectrum customers.
The companies missed a Sunday evening deadline, but the Viacom channels stayed on-air while negotiations continued.
A joint statement from Viacom and Charter Communications released Tuesday night said:
"Viacom and Charter have reached an agreement in principle. Spectrum subscribers will continue to have access to Viacom’s networks, without disruption, while we finalize terms.”
Viacom was not asking for a rate increase from Spectrum, but the sticking point involved the company wanting Spectrum to carry all of its 23 channels, some of which are watched by few people.
The terms of the deal were not released.
Charter acquired Time Warner Cable last year, and Time Warner Cable’s name was changed to Spectrum. Spectrum has a reported 16 million customers nationwide.