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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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May 20, 2015
13:34 EDTVIAViacom boosts quarterly dividend to 40c from 33c
Viacom announced that its board has approved a 21% increase in its quarterly dividend to 40c per share of Class A and B common stock from 33c per share. The increase will take effect beginning with Viacom’s next quarterly dividend, payable on July 1, to stockholders of record at the close of business on June 15. Viacom President and CEO Philippe Dauman said, “Viacom is deeply committed to returning capital directly to our shareholders while investing in high-quality programming, expanding in the U.S. and abroad, and developing new and innovative consumer and advertising initiatives. Our strong balance sheet and substantial cash flow have allowed us to increase our quarterly dividend each year since it was initiated in 2010. We also look forward to resuming our buyback program by October."
13:31 EDTVIAViacom announces 21% increase in quarterly dividend
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May 18, 2015
07:27 EDTVIAJPMorgan to hold a conference
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May 14, 2015
06:01 EDTVIAMTV Networks COO Rich Eigendorff leaving company, NY Post reports
MTV Networks COO Rich Eigendorff is leaving the company, sources tell The New York Post. MTV parent Viacom began letting senior executives go several months ago as part of a restructuring effort. Eigendorff is said to be retiring from the company, one source says. Reference Link
May 12, 2015
10:03 EDTVIACastlight Health awarded national contract by Viacom
Castlight Health (CSLT) announced that Viacom (VIA;VIAB) has selected the Castlight Enterprise Healthcare Cloud to provide resources to employees that will help them make the most of their benefits and enable more informed healthcare decisions. The Castlight Enterprise Healthcare Cloud is designed to simplify the healthcare benefits experience for employees, providing a 'one-stop shop' that includes detailed information about care options. In addition, the platform helps companies understand the health needs of their employee population through predictive insights rather than relying on retrospective analysis of past care.
08:31 EDTVIAApple likely to launch TV video service this year, says Pacific Crest
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06:41 EDTVIATV networks touting digital, targeting technologies to marketers, NY Times says
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May 11, 2015
11:02 EDTVIATribune Media names Josh Cogswell as Chief Product Officer
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06:33 EDTVIATV networks worried amid tough competition from digital outlets, NY Times says
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May 10, 2015
18:05 EDTVIAFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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