Viacom and Time Warner renew agreements
Time Warner Cable continued to take care of business, signing a carriage agreement with Viacom, a day after signing a retransmission consent deal with the Tribune Company.
Viacom is the owner of channels including Nickelodeon, MTV and Comedy Central.
The two companies said Tuesday that they renewed a multi-year distribution agreement, and the Time Warner Cable and Bright House networks will continue providing Viacom networks to subscribers.
The deal between the two New York-based companies covers TV, video on demand, websites and apps. The two didn't disclose terms.
Shares of Time Warner Cable Inc. rose $1.66 to $134.16 in midday trading, and Viacom Inc. shares dipped 2 cents to $85.45.