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Paramount Global and Charter Communications Agree to Extend Deal Talks to Channel Avert Blackout
Paramount and Charter agreed to extend their talks on a deal renewal, to prevent Paramount's networks from going dark -- for now.
The current carriage agreement between Paramount and Charter, the nation’s second largest cable operator behind Comcast, was set to expire at midnight ET Tuesday (April 30). Charter is a significant customer for Paramount, and the deal terms will have a key bearing on the media company’s ability to deliver the free cash flow going forward. The company’s lineup of cable nets — MTV, VH1, Nickelodeon, BET, Paramount Network, Comedy Central and CMT — has seen declining ratings and revenue amid the industry’s continued transition to streaming.
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