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| August 18, 2018

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Viacom shares rise despite earnings declines magnified by cable-TV cord-cutting

August 10, 2018 |

Viacom Inc. touted its turnaround story Thursday but delivered fiscal third-quarter earnings that exposed the challenges of consumer cord-cutting — and just how much work the company must do to right the ship.

For the quarter ended June 30, revenue declined nearly 4% to $ 3.2 billion for the media…


L.A. Times – Business

Sumner Redstone Trust Restricts Sale Options for CBS, Viacom

August 9, 2018 |

Sumner Redstone doesn’t want his heirs to have an easy time selling off his family’s controlling stakes in media companies Viacom and CBS. And he put it in writing in his estate-planning documents.
WSJ.com: US Business

Viacom to Narrow Focus to Six Key Cable TV Channels

February 8, 2017 |

Viacom, long the poster child of the supersize cable TV bundle, is planning to narrow its strategic focus to six key channel brands as it seeks to reset its frayed relationships with distribution partners.
WSJ.com: US Business

Viacom: Sumner Redstone to Step Down From Board

December 17, 2016 |

Viacom Chairman Emeritus Sumner Redstone will resign from the company’s board following its annual meeting in February.
WSJ.com: US Business

Viacom Cements CEO Role for Bob Bakish

December 12, 2016 |

Viacom named Bob Bakish its CEO, removing the word “acting” from his title the same day the media company’s pursuit of a potential merger with corporate sibling CBS was called off.
WSJ.com: US Business

Redstone Firm Pulls Support for Merger of Viacom and CBS

December 12, 2016 |

Sumner Redstone’s National Amusements is pulling its support for merging CBS and Viacom, which would have reunited the media firms amid an evolving media landscape.
WSJ.com: US Business

Viacom buys Argentine TV network for $345 million

November 16, 2016 |

On his first day as Viacom’s new acting chief executive, Robert Bakish wrote a $ 345-million check to buy Television Federal, a Spanish-language television company in Argentina.

It was an interesting move, in part, because investors have been more interested lately in whether Viacom will take steps…


L.A. Times – Business

Viacom Profit Falls as Its Networks, Movies Slump

November 10, 2016 |

Viacom Inc., in the midst of exploring a possible merger with CBS, reported its profit plunged 71% in the latest quarter, hurt by soft performance at its networks and a weaker showing at the box office.
WSJ.com: US Business

Viacom names Robert Bakish as acting CEO

October 31, 2016 |

Media company Viacom Inc. shored up its management team on Monday by naming the head of its international operations, Robert Bakish, as the company’s acting president and chief executive.

Bakish becomes Viacom’s third chief executive in less than three months. He will replace Thomas Dooley, the…


L.A. Times – Business

Viacom and CBS Boards Name Special Committees to Review Merger

October 1, 2016 |

The boards of Viacom Inc. and CBS Corp. are moving quickly to explore the merger recommended by their controlling shareholder.
WSJ.com: US Business