New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 30, 2013
13:07 EDTVIAEarnings Preview: Viacom trading near all-time highs ahead of Q1 earnings
Viacom (VIA, VIAB) is set to report Q1 earnings before the market open on Thursday, January 31, with a conference call scheduled for 8:30 am ET. Viacom is an entertainment content company that operates two primary segments: Media Networks and Filmed Entertainment, and owns MTV and Paramount Pictures, among other media brands... EXPECTATIONS: Analysts are looking for EPS of 90c on revenue of $3.49B, according to First Call. The consensus range for EPS is 87c-96c on revenue of $3.32B-$3.81B... LAST QUARTER: Viacom reported Q4 adjusted EPS of $1.21 against consensus for $1.17 on revenue of $3.36B against consensus for $3.42B. On November 27, Viacom named Wade Davis CFO. Davis previously served as Viacom's executive VP of strategy and corporate development and joined the company in 2005. In December, Viacom's Paramount Pictures signed an agreement with Coinstar (CSTR) and Verizon's (VZ) digital movie service, Redbox Instant by Verizon... STREET RESEARCH: Street research has been positive on Viacom since its Q4 report, with shares most recently upgraded earlier today to Outperform from Neutral at Cowen. Last week, Goldman upgraded their U.S. Media sector to Attractive from Neutral, and shares of Viacom were upgraded at the firm to Buy from Neutral. Earlier this month, Janney Capital upgraded shares to Buy from Neutral with a $65 price target, and Stifel Nicolaus also updated its price target on shares to $65 from $55 and maintained its Buy rating on shares... PRICE ACTION: Shares of Viacom have gained more than $4.50, or 8.5%, since the first day of trading following its Q4 report. Shares of Viacom are up 0.5% in afternoon trading ahead of tomorrow morning's Q1 report.
News For VIA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 21, 2015
18:10 EDTVIAGoogle, Viacom win dismissal of suit on children's web privacy, Re/code reports
Subscribe for More Information
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
Subscribe for More Information
January 16, 2015
11:16 EDTVIACBS, Viacom climb following Stifel upgrades
Shares of CBS (CBS) and Viacom (VIA, VIAB) are climbing after research firm Stifel upgraded the stocks to Buy from Hold. CBS owns the CBS network and other entertainment properties. Viacom owns a number of cable networks, including MTV and Nickelodeon. WHAT'S NEW: CBS' NFL rights leave it well-positioned to charge cable companies and other TV providers high fees, Stifel analyst Benjamin Mogil wrote in a note to investors today. Meanwhile, the company's strong ratings and lower production costs reduce its risk, Mogil stated. CBS has more opportunities when it comes to selling its content to Internet TV networks such as Netflix (NFLX), Mogil believes. The analyst set a $65 price target on the shares. Meanwhile, Mogil believes that Viacom should benefit from the adoption of ratings measurements other than Nielsen's (NLSN) tools. Viacom has complained that Nielsen's tools have underestimated its ratings by failing to adequately take into account new types of content consumption, the analyst noted. Viacom's recent expansion into new international markets should also improve its performance, Mogil stated. He set an $89 price target on the shares. ANOTHER TO WATCH: Mogil initiated coverage of Twenty-First Century Fox (FOXA) with a $41 price target and Buy rating, saying that the company is well-positioned to benefit from its wide range of sports programming. He set a $41 price target on the shares. PRICE ACTION: In late morning trading, CBS advanced 2.75% to $55, Viacom gained 2.5% to $68, and Twenty-First Century Fox rose 0.4% to $34.72.
January 15, 2015
15:09 EDTVIAViacom extends contract of CEO by two years, CNBC's Faber reports
Viacom (VIAB, VIA) has extended the contract for its CEO Philippe Dauman by two years through 2018, reported CNBC's David Faber on Twitter, citing sources. "He'll get more RSU's, maybe 1 reason he sold so much stock lately," Faber wrote. Reference Link
January 14, 2015
16:33 EDTVIAOn The Fly: Closing Wrap
Subscribe for More Information
10:28 EDTVIAViacom carriage deal with DISH goes until 2016, Faber says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use