Statement from Viacom on Cablevision Antitrust Lawsuit

by Daina Amorosano, Viacom

Viacom released the following statement today regarding the antitrust lawsuit Cablevision filed against the Company:

“At the request of distributors, Viacom and other programmers have long offered discounts to those who agree to provide additional network distribution. Many distributors take advantage of these win-win and pro-consumer arrangements. Reflecting the highly competitive cable programming business, these arrangements have been upheld by a number of federal courts and on appeal. Viacom will vigorously defend this transparent attempt by Cablevision to use the courts to renegotiate our existing two month old agreement.”

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