Viacom Inc. by way of, +eleven.02% and Dish network DISH, +2.00% stated on Thursday they’ve agreed to terms for a multi-12 months contract renewal so that it will see Dish proceed to offer Viacom’s slate of cable channels. details of the deal were not disclosed. The deal comes after preliminary talks broke down earlier in the week, sending Viacom’s inventory down. Viacom has been underneath drive, as questions had been raised concerning the company’s management and its networks — typically centered to youthful audiences — have taken successful from viewers opting out of traditional pay-television programs. Viacom hopes the renewal, together with other affiliate agreements announced over the past year, will help the company pressure growth, Chief executive Philippe Dauman said in a observation. Shares of Viacom have been up 7.7% and Dish shares were up about 1/2 of a percent intraday.
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