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Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:28 EDTVIABViacom ad, affiliate growth outlook still positive, says Wells Fargo
After Viacom reported lower than expected Q3 revenue but in-line operating income, Wells Fargo says that the company likely gained share from other cable networks in upfront ads. The firm is confident that the company can meet its longer term guidance of consistent high single digit to low double digit affiliate revenue growth. It keeps an Outperform rating on the shares.
News For VIAB From The Last 14 Days
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March 25, 2015
17:58 EDTVIABKarisma, Viacom to develop Nickelodeon hotels
Karisma Hotels & Resorts and Viacom International Media Networks, a division of Viacom (VIAB,VIA), are pleased to announce the signing of a landmark agreement to develop Nickelodeon Hotels. A Gourmet Inclusive collection of luxurious family-friendly properties, Nickelodeon Hotels will represent the first and only international hotels for Nickelodeon, one of the most globally recognized and widely distributed multimedia brands for kids. The milestone deal includes plans to debut Nickelodeon Hotels with the opening of Nickelodeon Punta Cana in the Dominican Republic in late 2016. A second Nickelodeon Hotel will open in Mexico shortly thereafter. Karisma Hotels & Resorts is an award-winning luxury hotel collection, which owns and manages properties in Latin America, the Caribbean and Europe.
March 23, 2015
12:04 EDTVIABAzul Hotels by Karisma introduces Nickelodeon Experience
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March 18, 2015
09:23 EDTVIABVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.

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