Clik here to view.
Incoming Viacom CEO Plans Investor Campaign as Shakeup Looms
As Viacom prepares to announce the impending departure of CEO Philippe Dauman, his interim replacement, Thomas Dooley, is planning to reach out to investors, setting a new tone for a company that has...
View ArticleClik here to view.
Viacom Says CEO Dauman to Resign Post Immediately; Dooley Steps In
Viacom said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media...
View ArticleClik here to view.
All of the Outrageous Details from Viacom’s CEO $72 Million Pay Out
Today I get to do one of my favorite things (really) which is reading a long, complicated SEC filing on CEO pay. And this one, filed yesterday, is a doozy, the filing that reveals the deal former...
View ArticleClik here to view.
How Viacom Could Have Avoided Sumner Redstone’s Legal Dramas
It's been said one should never let a good crisis go to waste. And for that reason, I am sorry that Viacom's former CEO Philippe Dauman is leaving so soon, putting an end to the vicious courtroom...
View ArticleClik here to view.
FCC Chief to Unveil Revised Plan to Eliminate Cable Boxes
(Reuters) – The top U.S. communications regulator plans on Thursday to unveil a revised plan to allow about 100 million pay TV subscribers to replace expensive set-top boxes with less-costly apps that...
View ArticleClik here to view.
Viacom Plans To Replace Interim CEO
(Reuters) – Viacom ‘s board plans to look both internally and externally for a new chief executive to replace interim CEO Tom Dooley, a source familiar with the situation told Reuters on Wednesday. The...
View ArticleClik here to view.
Viacom: a House of Cards or a Game of Thrones, or Possibly Both
Apart from companies filing for bankruptcy or acquiring others who are already bankrupt, the media sector doesn’t usually have a lot of drama to it. But for almost a year now, the soap opera at Viacom...
View ArticleClik here to view.
Here’s Why CBS Shares Could Be Set for a Big Jump
Shares of CBS could jump 30% in the next year, double in the next three or do even better if the network successfully attempts to buy Viacom at an attractive price, a report in Barron’s said. Viacom...
View ArticleClik here to view.
Here’s Why Viacom Could Be Prepping a $1 Billion Bond Offering
Viacom is preparing to go to market this week with a bond offering that is expected to total $1 billion, part of the struggling media company’s plan to boost liquidity, three sources told Reuters. New...
View ArticleClik here to view.
The End Game for Viacom and CBS Is Quickly Approaching
After a year of Game of Thrones-style intrigue involving 93-year-old billionaire Sumner Redstone, his daughter Shari, and former CEO Philippe Dauman, it looks as though the ultimate fate of Viacom...
View ArticleClik here to view.
Viacom Forms Committee to Consider Redstone’s CBS Merger Push
Viacom said it had formed a special committee to consider National Amusements’s proposal to combine the company with CBS Corp. National Amusements, owned by media baron Sumner Redstone and his daughter...
View ArticleClik here to view.
CBS CEO Moonves to Seek Autonomy Following Any Deal With Viacom
CBS chief executive Leslie Moonves is planning to seek autonomy from the Redstone family, the broadcaster’s controlling shareholder, in leading the company if it merges with Viacom, two people familiar...
View ArticleClik here to view.
Moonves Needs 5 Years Free Reign If CBS Merged With Viacom
CBS Corp chief executive Leslie Moonves should get five years without interference from Sumner Redstone’s family if the media company is merged with Viacom, investor Mario Gabelli told CNBC on Tuesday....
View ArticleClik here to view.
Viacom Has Hired Financial Advisers to Explore CBS Merger
Viacom said on Friday that it had hired financial advisers to explore a merger with CBS following a proposal by Sumner Redstone’s National Amusements, a majority shareholder of both companies. Morgan...
View ArticleClik here to view.
Google Plans To Take On Television
(Reuters) – Alphabet unit Google has reached an agreement with CBS to carry the network on its web TV service and is in talks with 21st Century Fox and Viacom Inc to distribute its channels, three...
View ArticleClik here to view.
Viacom Has A New Acting CEO
Media company Viacom said on Monday it named Bob Bakish, a 19-year company veteran, as acting chief executive, replacing Tom Dooley. Viacom said last month that Dooley was leaving on Nov. 15 and the...
View ArticleClik here to view.
Viacom May Buy Telefonica’s Telefe
Viacom, the owner of Comedy Central, Nickelodeon, and MTV, is in talks to acquire Argentine broadcaster Television Federal SA from phone carrier Telefonica SA for up to $385 million, according to...
View ArticleClik here to view.
This Chinese Billionaire Has His Sights Set on Buying Hollywood
Dick Clark Productions isn’t exactly a household name. Most people probably don’t even notice when it scrolls across the screen at the end of the Golden Globes telecast or some other awards show. But a...
View ArticleClik here to view.
Viacom Posts Lower-than-expected Revenue
Viacom, the owner of MTV, Comedy Central, and Nickelodeon, reported lower-than-expected quarterly revenue on Wednesday, weighed down by lower domestic advertising sales and the absence of hit movie...
View ArticleClik here to view.
Shari Redstone Says She Did Not Support a Viacom/CBS Split
Shari Redstone, a controlling shareholder of Viacom and CBS, never wanted to separate the two media companies 10 years ago, she told attendees of The New York Times DealBook conference on Thursday....
View Article