Time Warner Cable and Viacom Deadlock

Time Warner and Viacom Inc. are deadlocked over pricing for Viacom's package of 20 channels, which include Nickelodeon, MTV, BET, and Comedy Central. If a deal is not reached by midnight tonight, select channels could go out for Time Warner Cable subscribers. Viacom claims it's only asking for a modest increase of $3 a year for its cable package, while Time Warner contends that such demands are unreasonable during an economic recession. Time Warner also argues that Viacom is trying to make up for losses in advertising revenue by having cable subscribers pay the difference. David Lazarus talks with Kelly McAndrew, Vice President for Corporate Communications at Viacom and Patricia Fregoso, Regional Vice President for Communications for the Western Region for Time Warner Cable about what this means for the nearly 2 million Time Warner subscribers in Los Angeles.