|October 23, 2012|
|07:19 EDT||VIA||Viacom worst days are behind it, says RBC Capital|
RBC Capital doesn't expect Viacom to report significantly lower than expected results in coming years and the firm thinks the stock's valuation is attractive. It raised its target on the stock to $62 from $54 and maintains an Outperform rating.
News For VIA From The Last 14 Days
Check below for free stories on VIA the last two weeks.
|December 12, 2013|
|06:37 EDT||VIA||MTV, SVP scripted Justin Levy part ways, Deadline says|
Viacom unit MTV has parted ways with the network's SVP of scripted programming, Justin Levy, and said that the decision was "mutual and not unexpected given all the changes over the past few years," reported Deadline. Reference Link
|December 11, 2013|
|08:14 EDT||VIA||China box office already over RMB 20B, Marbridge Daily says|
China's box office receipts have exceeded RMB 20B as of December 8, an increase of 34.6% from the prior year, with receipts from domestic films accounting for about RMB 11B of that total, according to figures released by China's General Administration of Press and Publication, Radio, Film and Television, said Marbridge Daily, citing Sarft.net. Reference Link
|07:21 EDT||VIA||Streaming-only cable service to arrive soon, NY Post says|
While speculation of a streaming-only cable service has been discussed for many years, several TV-industry heavyweights say that the service could likely be offered to viewers in 2014, according to the New York Post, citing Viacom CEO Philippe Dauman. Reference Link
|December 9, 2013|
|13:02 EDT||VIA||Viacom to invest in programming, content at mid-to-high single digit rate|
CEO Philippe Dauman says plans to continue to increase investment in programming and content at a mid-to-high single digit rate. Key priorities for FY14 including expanding international presence, launching more networks to broaden platform and continuing to find new ways to monetize viewing across platform. Says plans targeted acquisitions, especially internationally. Says plans to continue to return cash to shareholders. Foresees more distribution of networks across mobile devices in the year ahead. Says mobile is a rapidly growing area for the company. Says India has a "strong footprint" for the company and continues to be "very accretive" to quarterly earnings. Sees progress made over the next year around the world to see better sampling methodology and better coverage of other devices. Plans to add several scripted shows in 2014. Comments made during the UBS Global Media and Communications Conference.
|07:26 EDT||VIA||UBS to hold a conference|
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|December 6, 2013|
|12:49 EDT||VIA||Disney's Bruckheimer to return to Paramount, NY Times says|
Paramount Pictures, a unit of Viacom (VIA), said that it has signed Jerry Bruckheimer to a three-year, first-look deal for theatrical films starting in April, according to The New York Times, citing Paramount's CEO. Bruckheimer had been with Disney (DIS) for twenty years. Reference Link
|December 4, 2013|
|10:44 EDT||VIA||Viacom realigns Music and Entertainment Ad Sales group|
Viacom announced a realignment of its Viacom Media Networks Music and Entertainment Ad Sales group to merge its television, digital and mobile teams into a single convergent sales organization. The convergent team will handle all sales and integrated marketing for linear and digital assets across CMT, Comedy Central, MTV, Logo, Spike TV, TV Land and VH1. Additionally, under the new convergent structure, all sales team senior vice presidents and vice presidents will assume responsibility for linear and digital business. Both linear and digital account executives will report into the same convergent leadership.