Posted on March 13, 2014
Litestream cable subscribers could lose Viacom channels if a contract dispute with the programmer isn't resolved by Monday, March 31, the date Litestream’s contract with Viacom ends.
According to Litestream’s CEO Bill Haggarty, the Florida-based telecommunications provider is currently in talks with Viacom, the owner of cable networks such as Nickelodeon, MTV, Comedy Central, VH1, TV Land, BET and many others. Viacom has demanded a rate increase that’s 40 times the rate of inflation (which is now about 1.1 percent). “That’s like pulling up to the gas pump and finding out that gas has gone from $3.50 a gallon to $6 overnight,” said Haggarty. “And Viacom may demand we drop their networks if we don’t agree to their proposal.”
Always committed to providing superior customer service, Haggarty said the company is working hard to keep costs down for its customers. “As a cable TV provider, we consider ourselves a part of the community and we work hard to give our customers the best value possible while also looking to bring them the widest variety of channels and entertainment choices. Significant network fee increases directly impact customers’ bills, and rest assured, we’re on their side to keep those fees low.”
Haggarty noted that negotiations have been going on for the last year. “We remain optimistic that Viacom will join together with us to find the right solution so our valued customers may continue to enjoy the wonderful channels that are carried in our cable line-up.” Litestream intends to keep its customers informed as the process continues to develop.
Litestream customers can learn more about the company’s ongoing efforts to keep costs down by visiting www.tvonmyside.com.
Litestream is a Florida-based telecommunications provider focused on delivering Internet, cable television and voice services to private communities statewide. Litestream is the brand name of Litestream Holdings, LLC, organized in 2004 with headquarters in West Palm Beach, Florida. Its management team collectively has over 130 years of cable industry experience, including all phases from construction to customer service. For more information, call 877-212-4744.