Viacom warns of disruption as negotiations with Charter stall

SpongeBob SquarePants

SpongeBob SquarePants

Reuters reports Viacom says it's made a series of offers to Charter Communications, Spectrum's parent company, but can not meet Charter's "unreasonable" demands.

Viacom Inc VIAB.O said on Wednesday that Charter Communications CHTR.O subscribers may lose access to its channels such as MTV, Comedy Central and Nickelodeonon as the expiration looms for a distribution deal between the companies.

Charter has insisted on "unreasonable and extreme" terms that are inconsistent with the market, according to Viacom.

According to Variety, the two companies have been bickering for months after Charter moved Viacom networks like MTV, VH1, Comedy Central and Spike (which is rebranding as Paramount Network) to a higher-priced cable subscription tier.

Charter's Spectrum subscribers may see a disruption in service, Viacom said in a statement.

"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.

A website, keepviacom.com, has been created for customers concerned about the possible loss of channels.

Viacom also produced a series of videos featuring favorite shows from some of the popular channels to alert Spectrum customers.

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.

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