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Viacom shares soar after deal to renew Dish contract
April 21, 2016 by admin · Leave a Comment
Viacom Inc said on Thursday it has renewed a multiyear distribution contract with satellite TV provider Dish Network Corp, lifting the media company's shares over 11 percent. The companies had been in talks for several months over whether Dish would continue to carry Viacom's 18 channels, which include Nickelodeon, Comedy Central and MTV, and at what price, for its 14 million subscribers. The deal …
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Viacom shares soar after deal to renew Dish contract