Viacom and AT&T reach agreement in contract dispute


Viacom resolved its contract dispute with AT&T Inc. staving off a blackout that would have kept millions of pay-TV customers from seeing cable channels such as Nickelodeon and MTV.

The deal reached early Monday “brings AT&T customers more choice and improved value for Viacom content,” according to a joint statement that provided few other details. The companies’ contract, which covers how much AT&T pays to carry Viacom’s swath of cable channels, was set to expire on Friday.

AT&T had reportedly been pushing to have Viacom utilize its Xandr ad product as part of the carriage agreement.

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