Viacom CEO says he expects to renew deal with Dish next quarter

Reuters News
Posted: Mar 07, 2016 1:03 PM

(Reuters) - Viacom <VIAB.O> CEO Philippe Dauman said on Monday that he expects to renew its contract with Dish Network Corp <DISH.O> next quarter.

"I am very confident we are going to get to a mutually beneficial outcome and I expect we will get to that point next quarter," Dauman said speaking at the Deutsche Bank Media, Internet, & Telecom Conference Monday afternoon.

Dauman had said last month during Viacom's earnings call that the New York-based media company had entered into a short-term extension of its distribution agreement with Dish.

(Reporting By Jessica Toonkel)