Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

Viacom Has Time Warner By Jon Stewart's Balls

Stories like these are only possible with your help!
You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.

The stroke of midnight tonight could bring more disappointment than delight for Time Warner subscribers. If the cable company doesn't pony up an agreement to Viacom Inc.'s demands of 25 cents more per subscriber, they will yank all 19 of the channels they own from their airwaves at 12:01 a.m. January 1st.

Although 25 cents per subscriber doesn't sound like that much, it would be on top of already rising Time Warner cable costs, which will be seeing a hike in 2009 for area customers. According to the OC Register, Viacom made a statement late yesterday in "an attempt to win consumer sympathy," which pointed out that Time Warner is the bad guy that might deny their already gouged customers: “Time Warner Cable subscribers who are being handed a January 1st $3 monthly increase in Raleigh, Orange County, Los Angeles, and New York City are simultaneously facing the removal of beloved shows across 19 channels." No kidding, right? We all hold Logo's 365Gay News and MTV's My Super Sweet Sixteen close to our hearts, don't we?