Viacom warns Spectrum customers could lose their services

Viacom warns Spectrum customers could lose their services

Viacom says its offers would allow Spectrum customers to keep the channels, allow Spectrum to lower its customers' bills and give consumers more choice.

Viacom, facing being kicked off Charter Communications' cable systems when its distribution agreement expires on October 15, says that under the proposals it has made Charter would pay less for Viacom's channel than it now pays. Rosenblatt Securities analyst Alan Gould told Bloomberg that up to $600 million of Viacom's $13 billion in annual sales come from Charter, which controls around 16.5 million pay-TV customers.

Viacom said it had made a series of offers for a deal with Charter but could not meet the conditions asked by Charter. As a result, carriage of Viacom channels like MTV, Comedy Central and Nickelodeon could be dropped if a deal isn't reached by this weekend.

Charter, however, "continues to insist on unreasonable and extreme terms that customers could see a "disruption in their service", Viacom said".

"We are negotiating with Viacom in good faith, have offered a fair price, and we are optimistic that a fair deal can be reached", Spectrum said on their Facebook page Thursday evening.

The contract dispute centers in Charter's decision to move some of Viacom's channels such as MTV, Nickelodeon, BET, VH1 and Nick Jr.to a higher-priced subscription tier.

The companies have set up dueling websites - getthefactsaboutviacom.com for Charter and http://www.keepviacom.com/showsyouwillmiss for Viacom - to make their cases.