New Viacom Deal May Save Time Warner

January 1, 2009

US (ChattahBox) – Time Warner Cable has been struggling for some time after being told that it must pay another $35 – $40 million a year to continue providing cable to it’s millions of subscribers. But a new deal with Viacom has them breathing a little easier.

The agreement, which has not yet been finalized, will work out the finer financial details to help avoid a company blackout, a risk that has been floating over the head of Time Warner for several months. The potential blackout could have ended service to nearly 13 million people in the US, in a long line of businesses going bankrupt in our current recession.

Details will be finalized over the coming week.


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