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Viacom Blackout? Dish Network Users May Lose Nickelodeon, MTV and More

Comedy Central may be gone too

Viacom Inc (NASDAQ:VIA,NASDAQ:VIAB) may not be renewing its deal with DISH Network Corp (NASDAQ:DISH).

ViacomThe cable television provider’s CEO Philippe Dauman. informed investors that renewal talks with Dish are not going as smoothly as planned.

The deal between the companies expires tomorrow. Dish marks Viacom’s number one provider of cable networks, with channels such as Nickelodeon, Comedy Central, MTV, Spike and CMT.”

Viacom says it has done as much as possible to extend the deal between the companies, but Dish is making a renewal quite difficult.Dish’s demands are reportedly “designed to be impossible to meet in order to take our negotiations public and likely force our programming off the air,” Viacom writes.

VIA stock is down 7.3% Tuesday. VIAB stock is down 8.3% and DISH shares are up 1.8%.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/04/viacom-dish-network-blackout-via/.

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