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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
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September 30, 2014
18:11 EDTVIASuddenlink 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 EDTVIAFCC 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 EDTVIARentrak 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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