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MarketWatch MarketPulseMar 25, 2019
Viacom shares jump 5% premarket on reports of deal with AT&T's DirectTv
Viacom Inc. and AT&T Inc. have reached a deal that will keep Comedy Central, MTV, Nickelodeon and other channels on AT&T's DirectTv service, the LA Times and other media reported Monday. The deal came after days of tense negotiation and after the previous contract had expired, said the paper. As the nation's biggest pay-TV distributor, AT&T was demanding a cut in the carriage fees charged by Viacom. AT&T provides TV service to 24.5 million homes in the U.S. Terms of the new deal were not disclosed. Viacom shares rose 5% in premarket trade, while AT&T shares were up 0.3%.

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