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The advertising group expects full-year revenue growth to be "well over" 3 percent, compared with a previous forecast of "over" 3 percent.
The reorganization is designed to enhance revenue opportunities in digital videos, Vanity Fair reported Tuesday.
The remake of the blockbuster 1958 remake grossed just $11 million at the box office, falling short of the already-low $15 million projected.
If CEO Dauman exits Viacom, it would cap a lucrative decade-long tenure at the company, data shows.
The settlement would end the battle for control over Redstone's $40 billion empire that includes Viacom and CBS.
While world records have tumbled, broadcasters have had a hard time keeping audiences glued to their screens during the Rio Games.
Pinterest is launching "Promoted Video" in beta, which could be a game changer to grow revenue ahead of an eventual initial public offering.
Settlement talks between Viacom CEO Philippe Dauman and controlling shareholder Sumner Redstone have resumed after weeks of stops and starts.
The TV network and digital publisher has agreed to pay $135 million for the bankrupt blog network, Recode reports.
The value of digital media brands is determined not just by their advertising revenue, but by their traffic, much of which comes from Facebook.
Univision has offered to acquire Gawker Media, challenging a $90 million stalking horse bid from media company Ziff Davis in the auction.
Fox News named Fox Television Stations CEO Jack Abernethy and Senior Executive Vice President Bill Shine to serve as co-presidents.
21st Century Fox may have to reach settlements with some of the women who accused Rogers Ailes of sexual misconduct, the WSJ reports.
Shares of Disney rose on Wednesday after its investment in BamTech, however, one expert says it faces the same challenges as Apple.
Jim Cramer said that Disney's deal shows a "foot race" between new initiatives and the decline in traditional linear TV.
Disney CEO Bob Iger says Zika hasn't impacted bookings on its theme parks, which he says are doing well domestically.
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