Viacom shares jump 5% premarket on reports of deal with AT&T's DirectTv

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Viacom shares jump 5% premarket on reports of deal with AT&T's DirectTv
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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...

Viacom Inc. VIAB, -2.46% and AT&T Inc. T, +0.03% 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.

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