|January 30, 2013|
|13:07 EDT||VIA||Earnings 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
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|
Subscribe for More Information
|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.