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Viacom, Time Warner strike a deal

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You want your MTV? You got it. Early this morning, Viacom and Time Warner Cable suits settled a dispute over fee hikes in which the cable company threatened to drop MTV, Comedy Central, Nick, and 16 other Viacom networks, ABC News reports. The details of the deal were not made public.

Earlier this week, the media conglomerate and the cable operator engaged in a public pissing match over how much Time Warner pays to offer Viacom’s networks to its nearly 16 million subscribers. Viacom contended that Time Warner was underpaying,given the popularity of its programming; the cable operator accused Viacom of trying to pad its bottom line to make up for slow ad sales.

Lynette Rice contributed to this report.

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