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Viacom to restore MTV, Nickelodeon to DirecTV
 

Viacom, the owner of MTV, Comedy Central, Nickolodeon and other popular channels, announced that it has reached a deal with DirecTV to restore its channels to the satelitte TV provider. The contract ends a 10-day blackout that had DirecTV customers up in arms. Viacom will reportedly get more than $600 million a year from DirecTV in programming fees, under their new seven-year agreement, up at least 20 percent from the previous terms. Before the accord was reached, DirecTV complained that Viacom was demanding a 30 percent increase, amounting to more than $1 billion in additional costs.

 

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