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Stock Market & Financial Investment News

News For VIA From The Last 14 Days
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January 29, 2015
11:20 EDTVIAViacom kids network Nickelodeon to launch subscription service
Viacom (VIA, VIAB) stated earlier during its earnings conference call that in March its Nickelodeon group will launch a new direct-to-consumer subscription service. "We believe this innovative service, which will have a distinct brand and will target the fast-growing mobile market, will be very attractive for parents and children," the company stated. Nickelodeon will provide more details and announce the brand name at its upfront presentation next month, Viacom CEO Philippe Dauman noted.
06:53 EDTVIAViacom reports Q1 Media Networks revenue up 4% to $2.65B
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06:52 EDTVIAViacom reports Q1 adjusted EPS $1.29, one estimate $1.27
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January 28, 2015
07:23 EDTVIAViacom volatility elevated into Q1 and outlook
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January 21, 2015
18:10 EDTVIAGoogle, Viacom win dismissal of suit on children's web privacy, Re/code reports
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January 20, 2015
14:00 EDTVIAFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
07:25 EDTVIAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link
07:20 EDTVIAViacom weakness overdone, says RBC Capital
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