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Viacom, DirectTV Resume Negotiations
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Description
FBN’s Adam Shapiro on the negotiations between Viacom and DirectTV over fees.
- Duration 0:52
- Date Jul 11, 2012
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Transcript
This transcript is automatically generated
-- Adam Shapiro -- Fox Business brief there was another tough day for Wall Street as the minutes from the Federal Reserve's June policy meeting disappointed investors Viacom and DirecTV -- resume negotiations.
Over fees after a standoff that's roughly twenty million people in the dark.
The two companies failed to reach an agreement and all -- -- six of Viacom's channels including MTV Comedy Central and Nickelodeon were pulled from DirecTV at -- night.
The dispute highlights the rising cost of programming between content producers and pay TV distributors.
JC Penney's ratings slips further into junk territory Standard and Poor's slashed the department store operators rating -- -- with a negative outlook.
-- he points -- JC Penney's continued weak performance and expects it will face more operational disruptions.
That's the latest from the Fox Business Network giving you the power to prospect.
