Viacom 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.
Viacom CEO stock sale fuels takeover speculation, NY Post says Viacom CEO Philippe Dauman's sale of $140M of stock is adding to the speculation that the company could be a takeover target, reports the New York Post. Reference Link