LOS ANGELES - Time Warner Cable Inc. said it reached a deal Thursday with Viacom Inc. on carriage fees, avoiding a blackout of 19 cable channels including MTV and Comedy Central.
The two sides, citing disagreement over fee hikes, had threatened a damaging blackout at midnight Eastern time that would have cut off shows such as "SpongeBob SquarePants" and "The Colbert Report" to about 15.7 million subscribers.
Shortly after agreeing to extend a midnight deadline by an hour, Time Warner Cable spokesman Alex Dudley said the sides agreed on a new contract.
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