Time Warner Cable threatens Viacom with the ghosts of Christmas past
Time Warner Cable CEO & President Glenn Britt says don't blame him, blame sliding advertising and falling ratings for Viacom's lost revenue and subsequent Scrooge-style "extortion" of TWC customers to keep MTV Networks on after the ball drops tonight. Beyond the outrageous claim that viewers might be tuning away from My Super Sweet 16 marathons, Britt claims that "penny per subscriber per day" adds up to an unreasonable $39 million, while TWC nobly attempts to keep negotiations going on behalf of its customers. Oddly we find it hard to view either side as thinking of the customer first in this slapfight, but if we miss a single episode of Bromance before things are resolved, there will be hell to pay. [Disclosure: Engadget is part of the Time Warner family]
