Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular
Secondary Navigation
Asia Pacific
World
Search
Search:
Time Warner, Viacom reach deal in principle over fees dispute
AFP - 1 hour 29 minutes ago
WASHINGTON (AFP) - - Millions of subscribers to the Time Warner Cable television network kept their favorite shows into the new year Thursday after an agreement in principle on rights fees was reached in a bitter dispute with entertainment giant Viacom Inc.
Viacom had threatened to pull Nickelodeon, MTV, Comedy Central, VH1 and 15 other channels from Time Warner and its 13.3 million subscribers at 12:01 am (0501 GMT) Thursday if the deal had not been reached.
The companies said they expect to finalize the agreement details over the next several days.
Glenn Britt, president and chief executive of Time Warner Cable, the second largest US cable network, apologized to subscribers for the public disagreement, and said he was "pleased (subscribers) will continue to be able to watch the programming they enjoy on MTV Networks."
Viacom CEO Philippe Dauman described the agreement as "gratifying" and said the deal "benefits not only our audiences but ... is also in the best interest of both of our companies."
The dispute had flared in public on Wednesday after Viacom published a full-page advertisement in The New York Times and other newspapers showing "Dora the Explorer," the star of its popular Nickelodeon cartoon, shedding a tear.
"Why is Dora crying?" the ad asked before answering its own question. "Time Warner Cable is taking Dora off the air tonight!"
Britt quickly shot back, saying "Christmas is over, but Viacom is still playing Scrooge, threatening to pull its MTV Networks off of Time Warner Cable at midnight tonight unless we ask our customers to pay exorbitant price increases."
Britt accused Viacom, which owns owns Paramount Pictures, the MTV and BET networks, Comedy Central and other properties, of "trying to extort another 39 million dollars annually" from Time Warner customers.
Viacom had maintained the deal it was seeking was "reasonable and modest relative to the profits Time Warner Cable enjoys from our networks."
It said it was asking for an increase of "less than 25 cents per month, per subscriber, which adds up to less than a penny per day for all 19 of MTV Networks' channels."
Email Story
IM Story
Printable View
Blog This
Recommend this article
Average (0 votes)
Sign in to recommend this article »
Most Recommended Stories »
Related Articles: Entertainment & Lifestyle
Time Warner, Viacom reach deal in principle over fees disputeAFP - 1 hour 29 minutes ago
Alagna, Gheorghiu ring in the new year at the MetAP - Friday, January 2
BC-Best-sellers-Books-PWAP - Friday, January 2
'Mamma Mia!' Britain's biggest-selling DVD everAFP - Thursday, January 1
Album sales plunge, digital downloads upAP - Thursday, January 1
Enlarge Photo
The Time Warner company headquarters in New York. Millions of subscribers to the Time Warner Cable television network kept their favorite shows into the new year Thursday after an agreement in principle on rights fees was reached in a bitter dispute with entertainment giant Viacom Inc.
Most Popular – Entertainment
Viewed
NASA describes final moments of Columbia tragedy
Actress Jennifer Aniston appears naked in GQ magazine
Japanese tourist spends 3 months in Mexico City airport
Hamas defiant as Israel rejects Gaza truce
World stocks end calamitous 2008, eye recovery
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular