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Viacom Inc. stock price

Viacom Inc. latest news:


  • 02/15/2018 14:23:28

    CBS profit drops 85 percent on tax charge

    (Reuters) - Media company CBS Corp , which is exploring a merger with Viacom Inc , on Thursday reported a 85.2 percent drop in quarterly profit, largely due to a $129 million charge related to the recent changes in the U.S. tax law.

  • 02/15/2018 14:17:21

    CBS profit drops 85 pct on tax charge

    Media company CBS Corp (CBS), which is exploring a merger with Viacom Inc (VIA), on Thursday reported a 85.2 percent drop in quarterly profit, largely due to a $129 million charge related to the recent changes in the U.S. tax law.

  • 02/08/2018 09:57:09

    UPDATE 4-Viacom shares shine on upbeat distributor revenue forecast

    * Shares jump as much as 12 pct (Adds context, background on U.S. ad sales)

  • 02/08/2018 05:21:50

    Viacom reports better-than-expected Q1 profit, as uncertainties surround potential CBS combination

    Viacom Inc. reported fiscal first-quarter profit on Thursday that was better than Wall Street expected, while revenue fell short. The media and entertainment company reported net income of $535 million, or $1.33 per share, compared with $396 million, or $1.00 a share during the same quarter a year ago. Adjusted earnings per share was $1.03, above FactSet's consensus of 93 cents. Revenue for the quarter was $3.07 billion, down from $3.32 billion and below FactSet's $3.16 billion consensus. The company's 1% increase in media networks advertising revenue was offset by a 4% decline in affiliate revenue. Overall, revenue at Viacom's media networks declined 1% to $2.56 billion. The film arm of the company saw revenue decline 28%, as leadership continues to go through a turnaround to strengthen its bottom line. The studio says it is now ramping up its production slate. In Viacom's forward-looking statements the company noted that there are some uncertainties and risks related to a potential combination with CBS Corp. . The company recently formed a committee to explore the possibility. Shares of Viacom's commonly-owned class B shares have declined more than 27% in the last 12 months, while the S&P 500 index is up close to 17% and the Dow Jones Industrial Average is up more than 24%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/06/2018 05:49:08

    Netflix shares fall 3% premarket as FAANG, media stocks follow broader market down

    Shares of Netflix Inc. were down as much as 3% in premarket trade on Tuesday after dropping roughly 5% on Monday as the broader market continues to sell off. Netflix shares are now down more than 11% from its Jan. 29 intraday high. Other stocks in the FAANG category continued their downward trend in premarket on Tuesday as broader market sank. Facebook Inc. and Amazon.com Inc. were down more than 1%, Apple Inc. was down a little less than 1% and Alphabet Inc. (formerly Google) was down 2%. Some of Netflix's cohorts in the media sector were also struggling in premarket trade. Walt Disney Co. shares were down more than 2%, while shares of Viacom Inc.'s commonly-owned class B shares were down roughly 4% and shares of Discovery Communications Inc. were down more than 3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/01/2018 23:01:58

    PRESS DIGEST- New York Times business news - Feb 2

    The following are the top stories on the New York Times business pages. - CBS Corp (CBS) and Viacom Inc (VIA), which were part of the same company from 2000 to 2006, said on Thursday that their boards had created special committees of independent directors to "evaluate a potential combination." - India announced on Thursday a sweeping plan to give half a billion people free access to healthcare.

  • 02/01/2018 19:48:27

    Reunited? CBS and Viacom Are Talking About It

    As the two companies seek scale to compete in the age of streaming content, they have formed a committee to explore the possibility of a deal.

  • 02/01/2018 17:06:53

    CBS, Viacom together again? Why it matters if you are a cord cutter or pay-TV viewer

    The two media companies CBS and Viacom are again discussing a merger. What could it mean for viewers?        

  • 02/01/2018 15:18:03

    CBS and Viacom form special committees to evaluate possible combination

    CBS Corp. and Viacom Inc. said on Thursday that they have each set up special committees to evaluate a potential recombination. Shares of Viacom were down 1.5% after hours, while CBS shares were down less than 1%. "There can be no assurances that this process will result in a transaction or on what terms any transaction may occur. Neither CBS nor the committee intends to comment further, until the process is completed," the company said in a news release. Viacom released an identical statement shortly after, save for the name of the company. The move comes as Shari Redstone, vice-chair of both CBS and Viacom, has pushed for the two companies to merge. The Wall Street Journal reported in January that Redstone wanted new members on the CBS board to spark new merger talks with Viacom. Shares of Viacom are down more than 20% in the last 12 months and CBS shares are down nearly 9%. By comparison the S&P 500 index is up roughly 24% and the Dow Jones Industrial Average is up more than 31%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/01/2018 15:13:23

    BRIEF-Viacom Forms Special Committee To Evaluate Potential Combination With CBS

    * VIACOM INC. BOARD FORMS SPECIAL COMMITTEE TO EVALUATE POTENTIAL COMBINATION WITH CBS CORPORATION

  • 02/01/2018 15:08:07

    CBS, Viacom form special committees to explore merger

    (Reuters) - CBS Corp and Viacom Inc have formed special committees to explore a merger, the companies said on Thursday, the first step in potentially reuniting the companies split by media mogul Sumner Redstone more than a decade ago.

  • 02/01/2018 14:54:54

    CBS forms special committee to evaluate possible combination with Viacom

    CBS Corp. said on Thursday that it will set up a special committee to evaluate a potential recombination with Viacom Inc. . Shares of Viacom were down 1.5% after hours, while CBS shares were inactive immediately following the news. "There can be no assurances that this process will result in a transaction or on what terms any transaction may occur. Neither CBS nor the committee intends to comment further, until the process is completed," the company said in a news release. The move comes as Viacom and CBS Chairwoman, Shari Redstone, has pushed for the two companies to merge. Viacom shares are down more than 20% in the last 12 months and CBS shares are down nearly 9%. By comparison the S&P 500 index is up roughly 24% and the Dow Jones Industrial Average is up more than 31%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/01/2018 10:21:23

    CBS board meets, set to discuss Viacom merger: sources

    (Reuters) - CBS Corp's board is set to discuss a merger with Viacom Inc on Thursday, sources have told Reuters, possibly starting the process of reuniting the two media companies split by mogul Sumner Redstone more than a decade ago.

  • 02/01/2018 10:06:41

    Viacom board discussing committee to explore CBS deal -sources

    Viacom Inc's(VIA) board of directors has begun discussions about setting up an independent special committee to explore a combination with CBS Corp (CBS), sources familiar with the situation told Reuters on Thursday. It is not yet clear if all of the directors have agreed to set up the committee, the sources cautioned.

  • 02/01/2018 09:32:26

    CBS board meets, set to discuss Viacom merger -sources

    CBS Corp's(CBS) board is set to discuss a merger with Viacom Inc (VIA) on Thursday, sources have told Reuters, possibly starting the process of reuniting the two media companies split by mogul Sumner Redstone more than a decade ago. Such a deal, which is being pushed by Redstone's daughter Shari, would combine the CBS (CBS) broadcast network with Viacom's Nickelodeon and MTV networks and Paramount film studio.

  • 01/31/2018 13:45:15

    CBS board to discuss potential Viacom merger on Thursday: sources

    (Reuters) - CBS Corp's board is expected to discuss a merger with Viacom Inc on Thursday, sources told Reuters, a move that could begin a formal process to reunite the companies split by controlling shareholder Sumner Redstone more than a decade ago.

  • 01/25/2018 14:56:21

    Exclusive: Viacom, CBS CEOs discuss potential merger - sources

    (Reuters) - Viacom Inc Chief Executive Bob Bakish and CBS Corp CEO Leslie Moonves have had an exploratory discussion about merging the two media companies, sources familiar with the situation told Reuters on Thursday.

  • 01/25/2018 13:39:00

    Exclusive: Viacom, CBS CEOs have discussed potential merger - sources

    - Viacom Inc Chief Executive Bob Bakish and CBS Corp CEO Leslie Moonves have had an exploratory discussion about merging the two companies, sources familiar with the situation told Reuters on Thursday. The discussion signifies a potential first step toward a recombination of CBS and Viacom.

  • 01/18/2018 11:50:23

    Lions Gate shares gain 10% on report of merger talks with Amazon, CBS-Viacom, others

    Lions Gate Entertainment Corp. shares rose nearly 10% on Thursday after a Deadline report, citing one unnamed source, that the company is in active merger talks with Amazon.com Inc. , Verizon Communications Inc. and a potentially recombined Viacom Inc. and CBS Corp. . Lions Gate declined to comment. The report comes after multiple media reports that Shari Redstone, vice chair of Viacom and CBS, is pushing for the two companies to merge. Shares of Viacom rose roughly 8% on Thursday, while CBS shares rose almost 5%. Walt Disney Co. is also in the midst of trying to acquire TV and film entertainment assets from 21st Century Fox Inc. . Shares of Lions Gate Entertainment have gained more than 24% in the last 12 months, while the S&P 500 index is up more than 23% and the Dow Jones Industrial Average is up almost 32%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/17/2018 13:26:20

    REFILE-Shari Redstone explores adding new CBS directors - WSJ

    Jan 17 (Reuters) - Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported Wednesday.

  • 01/17/2018 13:19:57

    Shari Redstone explores adding new CBS directors: WSJ

    (Reuters) - Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported Wednesday.

  • 01/17/2018 13:16:59

    Shari Redstone explores adding new CBS directors - WSJ

    Shari Redstone has discussed adding new directors to the board of CBS Corp (CBS) as she renews her push to merge the company with Viacom Inc (VIA), The Wall Street Journal reported Wednesday.

  • 01/17/2018 13:09:07

    Shari Redstone pushing for new CBS directors: WSJ

    Shari Redstone, the president of National Amusements, which owns a controlling interest in Viacom Inc. (VIA) and CBS Corp. (CBS), is pushing for new directors on the CBS (CBS) board, according to a report in The Wall Street Journal, as she tries to convince the two companies to merge. Shares of Viacom (VIA) were up nearly 3% during intraday trade on Wednesday, while CBS (CBS) shares dipped more than 1%. The report says Redstone approached CBS Chief Executive Leslie Moonves to reengage in talks to merge with Viacom.

  • 01/17/2018 12:43:51

    Shari Redstone pushing for new directors on Viacom, CBS boards: WSJ

    Shari Redstone, the president of National Amusements, which owns a controlling interest in Viacom Inc. and CBS Corp. , is pushing for new directors on both of the companies's boards, according to a report in The Wall Street Journal, as she tries to convince the two companies to merge. Shares of Viacom were up nearly 3% during intraday trade on Wednesday, while CBS shares dipped more than 1%. The report says Redstone approached CBS Chief Executive Leslie Moonves to reengage in talks to merge with Viacom. Moonves has not been keen on merging the two companies, which split in 2005. Media reports last weekend suggested that the two were not actively engaged in merger talks. Shares of Viacom are down nearly 17% in the last 12 months and shares of CBS are down close to 6%. By comparison, the S&P 500 index is up almost 24% and the Dow Jones Industrial Average is up 30%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/16/2018 14:58:10

    General Electric, Viacom fall; GM, Energizer rise

    General Electric, Viacom fall; GM, Energizer rise

  • 01/16/2018 14:57:29

    General Electric, Viacom fall; GM, Energizer rise

    Stocks that moved substantially or traded heavily Tuesday: General Electric Co., down 55 cents to $18.21

  • 01/12/2018 16:03:14

    Viacom, CBS not in active merger discussions: sources

    (Reuters) - Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday.

  • 01/12/2018 14:46:43

    Viacom, CBS not in active discussions: sources

    (Reuters) - Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday.

  • 01/12/2018 14:39:53

    Viacom, CBS not in active discussions - sources

    Jan 12 (Reuters) - Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday.

  • 11/29/2017 09:39:06

    Viacom appoints executive Jose Tolosa to new role overseeing company's transformation

    Viacom Inc. said on Wednesday that it has appointed executive Jose Tolosa to a newly created role as chief transformation officer. Tolosa will report directly to Viacom Chief Executive Bob Bakish in the role, which puts him in charge of a team that will be responsible for guiding Viacom's agenda to transform its business, as well as developing and executing initiatives that support and accelerate the company's strategic priorities. Viacom has struggled in recent years, only recently emerging from internal turmoil that resulted in the ousting of former CEO Philippe Dauman. The company has suffered viewership declines at its networks and poor performance at the box office. Tolosa was previously Viacom's chief operating officer for international media networks. "At Viacom International Media Networks he played an instrumental role in evolving our international media business, including the launch of our highly successful Play Plex mobile apps and their ongoing expansion to the U.S.," Bakish said in a statement. "As chief transformation officer, Jose will build on this strong track record by ensuring we are aligning our operations to meet our goals and best position Viacom for the future." Shares of Viacom's publicly-owned class B shares are down more than 20% in the year to date, while the S&P 500 index is up 17% and the Dow Jones Industrial Average is up nearly 21%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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