Viacom and Time Warner Cable come to terms, SPIKE TV safe

MMA fans worried that they would not be able to watch UFC on SPIKE TV in 2009 can rest easy.

Media giants, Viacom and Time Warner struck a deal agreeing on compensation that would allow SPIKE TV, Nickelodeon, MTV and 16 other channels to stay on Viacom programming.

Viacom originally wanted an additional $39 million on top of the $300 million Time Warner already pays. In order for Time Warner to acquire the $39 million it would be forced to charge subscribers an extra $2.76 annually.

Had a deal not been struck, Viacom would have turned off SPIKE TV and the other channels for 15.7 million subscribers one minute after midnight this morning.

-Matt De La Rosa

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