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Stock Market & Financial Investment News

News Breaks
May 1, 2014
06:38 EDTVIA, VIABViacom agrees to acquire Channel 5 Broadcasting for $757M
Viacom and Northern & Shell Media Group announced a definitive agreement for the acquisition of Channel 5 Broadcasting Limited by Viacom International Media Networks for approximately $757M. Under the terms of the agreement, Viacom will acquire all brands and assets of Channel 5 Limited, including Channel 5, 5*, 5USA, Milkshake!, and Demand 5. The purchase price of the acquisition will be financed by Viacomís existing cash balances and the transaction is expected to be accretive immediately after closing. The transaction is subject to customary regulatory approvals.
News For VIA;VIAB From The Last 14 Days
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October 1, 2014
16:34 EDTVIA, VIABVerizon FiOS, Viacom renew carriage agreement
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September 30, 2014
18:11 EDTVIA, VIABSuddenlink Communications to no longer carry Viacom TV channels, WSJ says
Cable operator Suddenlink Communications will no longer carry Viacom's TV channels as of midnight on September 30, The Wall Street Journal reports. Reference Link
06:25 EDTVIA, VIABFCC asks media companies for Comcast contract details, WSJ reports
The FCC is pushing for media companies to submit details of their programming agreements with Comcast (CMCSA) ahead of the company's merger with Time Warner Cable (TWC), reports the Wall Street Journal. Citing a person familiar with the matter, the FCC believes the documents contain information that would be relevant in its review. Officials from media companies including CBS (CBS), 21st Century Fox (FOXA), Disney (DIS), Discovery (DISCA), Time Warner (TWX) and Viacom (VIA;VIAB) met with FCC staff earlier this month to voice concerns about releasing highly confidential materials. Reference Link
September 23, 2014
07:03 EDTVIA, VIABRentrak signs agreement with Viacom 18 Media's IndiaCast
Rentrak (RENT) announced an agreement with Viacom (VIA) 18 Media's IndiaCast for its two networks, Aapka Colors and MTV India. IndiaCast will utilize Rentrak's industry-leading TV ratings currency for programming research, as well as a business tool for its advertising sales initiatives.

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