NEW YORK, Aug 4- Viacom Inc could gain a leg up in negotiations with distributors and ward off declines in U.S. ad revenue and sales by finding a merger partner, analysts said on Friday. Shares of Viacom, which owns MTV and Comedy Central, plunged as much as 13 percent on Friday, a day after it forecast lower sales to U.S. pay-TV companies and streaming video services this...
Aug 3- Viacom Inc, the owner of MTV, Comedy Central and Paramount Pictures, forecast a low single-digit dip in sales to U.S. pay-TV companies and streaming video services this quarter, sending its stock down almost 8 percent after hours. The media company beat Wall Street's average estimates for fiscal third-quarter revenue and profit, helped by an unexpectedly...
Aug 3- Viacom Inc, the owner of MTV, Comedy Central and Paramount, forecast low single-digit declines in affiliate sales this quarter and said Chinese studio Huahua Media delayed a payment to the company in June, sending its stock down sharply after hours. "As good as the affiliate fee number was in this quarter, it looks really bad in the next quarter," said Brian...
CNBC's Julia Boorstin provides highlights from this year's Code Conference where CBS & Viacom Vice-Chair Shari Redstone commented on the future of Viacom and the potential of new digital content. And Time Warner's Jeff Bewkes weighs in on the tech-content connection.
Asked at the annual CBS shareholder meeting in New York if it would revisit a merger with Viacom, Lawrence Tu, senior executive vice president and chief legal officer, said CBS was focusing on its current strategy that includes diversifying its revenue stream. Shares of CBS rose $1.37, or 2.3 percent, to $61.75. National Amusements Inc, the privately held movie...
May 19- CBS Chief Executive Officer Leslie Moonves told shareholders on Friday he believes shares of Viacom, which the network considered merging with last year, are undervalued. National Amusements Inc, the privately held movie theater company through which media mogul Sumner Redstone and his daughter Shari control the majority of voting shares of CBS and...
Redstone has sued Sydney Holland and another ex-girlfriend over $150 million in gifts he gave them over the years.
CNBC's Julia Boorstin reports the latest on Sumner Redstone and the Viacom board, where Redstone will retain his chairman emeritus title and participate in a non-voting way.
CNBC's Carl Quintanilla reports that Sumner Redstone has announced via a proxy that he will be stepping down from the board of Viacom in February.
Sydney Holland's legal action comes three days after she claimed Redstone paid millions of dollars to multiple women.
Media titan Sumner Redstone gave out many millions of dollars to multiple mistresses, new legal filings claim.
Mario Gabelli, GAMCO Investors chairman & CEO, weighs in on the likelihood of a Viacom/CBS merger and why he would like to see Bob Iger run it. Also Gabelli shares his thoughts on the AT&T/Time Warner deal, and the future of News Corp.
The media mogul says he was forced to borrow $100-million from the private company that holds his voting shares of CBS and Viacom.
Sumner Redstone sued two ex-girlfriends, alleging he was forced to borrow from the private company that holds his voting shares of CBS and Viacom.
CNBC's Julia Boorstin reports the latest on the Sumner Redstone saga as he files lawsuits against his ex-girlfriends for alleged "elder abuse."
Les Moonves, the head of CBS, would need assurances on how owner Shari Redstone would vote her shares, Recode reports.
National Amusements is asking Viacom and CBS to consider recombining, reports CNBC's Julia Boorstin.
National Amusements has issued a letter to CBS and Viacom asking them to consider a re-combination, reports Andrew Ross Sorkin.
Shari Redstone may be posed to merge Viacom and CBS, reports CNBC's Landon Dowdy.
Anthony DiClemente, Nomura senior media analyst, shares his thoughts on whether it makes sense for CBS to acquire Viacom, and if "skinny" bundles are going to be profitable.