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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