(Reuters) - Viacom Inc has renewed its contract with AT&T Inc (NYSE:T), avoiding a blackout of MTV, Nickelodeon and Comedy Central for DirecTV users, the companies said on Monday.
Viacom needed to resolve the AT&T contract before considering any other strategic moves including a potential tie-up with CBS Corp (NYSE:CBS), sources told Reuters on Friday.
"We are pleased to announce a renewed Viacom-AT&T contract that includes continued carriage of Viacom services across multiple AT&T platforms and products," the companies said.