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PR News Wire (Free subscription) | 06/05/2009
Viacom, consisting of BET Networks, MTV Networks and Paramount Pictures, is the world's leading entertainment content company. It engages audiences on television, motion picture and digital platforms through many of the world's best known entertainment brands, including MTV, VH1, CMT, Logo, Rock Band, Nickelodeon, Noggin, Nick at Nite, AddictingGames, Neopets, COMEDY CENTRAL, Spike TV, TV Land, Atom,...
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L. A. Times Dodgers Blog (Free subscription) | 06/01/2009
The talent agency's deal with Endeavor came with a heavy cost for the chairman: It alienated several close colleagues, triggered layoffs and ultimately accelerated his own exit. Over a May 15 lunch at the Beverly Wilshire hotel, William Morris Agency Chairman Jim Wiatt received sobering advice from his close friends, entertainment attorney Skip Brittenham and former Viacom Inc. executive Tom Freston....
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PR News Wire (Free subscription) | 05/28/2009
Viacom, consisting of BET Networks, MTV Networks and Paramount Pictures, is the world's leading entertainment content company. It engages audiences on television, motion picture and digital platforms through many of the world's best known entertainment brands, including MTV, VH1, CMT, Logo, Rock Band, Nickelodeon, Noggin, Nick at Nite, AddictingGames, Neopets, COMEDY CENTRAL, Spike TV, TV Land, Atom,...
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The Business Insider (Free subscription) | 05/05/2009
Sumner Redstone's National Amusements has completed its previously announced agreement to restructure its debt . The terms are the same as those Redstone agreed to with his lenders in late February , giving him until the end of 2010 to pay back his debt, with certain repayments due in late 2009 and 2010. But if he defaults on the current agreement, he could lose both CBS and Viacom. National Amusements...
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Techdirt (Free subscription) | 05/04/2009
Boing Boing points us to the news that someone who was trying to protest the fact that a new Viacom animated movie was hiring Caucasian actors to play Asian or Inuit characters found that the t-shirts she was selling via Zazzle were taken down due to a claim that they violated Viacom's intellectual property . It's difficult to see what the violation of intellectual property here is. The shirts don't...
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Click World News (Free subscription) | 05/04/2009
Boing Boing points us to the news that someone who was trying to protest the fact that a new Viacom animated movie was hiring Caucasian actors to play Asian or Inuit characters found that the t-shirts she was selling via Zazzle were taken down due to a claim that they violated Viacom's intellectual property . It's difficult to see what the violation of intellectual property here is. The shirts don't...
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Boing Boing (Free subscription) | 05/03/2009
Madeline sez, "To protest the casting of white actors in Asian and Inuit roles for the live-action production of 'The Last Airbender,' (based on the animated series 'Avatar: The Last Airbender,' which features primarily Asian iconography, calligraphy, and fight choreography), fan Glockgal began making t-shirts that read 'This is not a tan' and "Aang can stay Asian and still save the world.'...
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Deadline Hollywood Daily (Free subscription) | 05/01/2009
It's not a good day to be a bigwig at Viacom. Both Sumner Redstone and Phillippe Dauman are coming under pressure from The Wall Street Journal and media analyst Rich Greenfield. "While we have yet to talk to an owner of VIA/B stock who disagrees with our view Viacom management is an impediment to realizing the full potential [...]
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BloggingStocks (Free subscription) | 05/01/2009
Filed under: Earnings reports , General Electric (GE) , Time Warner (TWX) , Walt Disney (DIS) , Viacom (VIA) , CBS Corp 'B' (CBS) , News Corp'B' (NWS) , Media World , Film If Viacom 's (NYSE: VIA ) first-quarter earnings were a sweeps program, it probably wouldn't achieve a high rating. That's because the plot of the press release 's narrative centered on one depressing theme: decline. Let's begin...
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SeekingAlpha Media Stocks (Free subscription) | 05/01/2009
Julia Boorstin submits: Viacom's (VIA) cable networks generally outperform the rest of the advertising industry, but even the likes of Comedy Central and MTV couldn’t escape the economic downturn. The dramatic, worldwide advertising decline ate into Viacom’s once resilient cable profits. The company did beat Wall Street estimates with earnings per share of 29 cents per share, but that’s...
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L. A. Times Dodgers Blog (Free subscription) | 05/01/2009
Media conglomerate Viacom Inc. said its first-quarter profit fell 34%, hurt by falling ad and entertainment revenue. But there are signs things may be easing.
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Deadline Hollywood Daily (Free subscription) | 04/30/2009
Viacom's Philippe Dauman is claiming that the ad market has stabilized. "We are not seeing any further deterioration." Viacom beat the street even though net income was down by 34% on 7% lower revenue because of weak advertising.
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SeekingAlpha.com (Free subscription) | 04/30/2009
Steve Birenberg submits: Viacom (VIA) reported 1Q09 results largely in line with analyst estimates. EPS of 29 cents beat the 26 cent consensus but revenues of $2.91 billion fell a little short of the $2.97 billion estimate. Advertising trends were weak, as expected, but this still stands out as a negative particularly as Viacom's nets are far underperforming the cable network industry. For example,...
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Tech Confidential Blog (Free subscription) | 04/30/2009
To the chagrin of some shareholders, CBS and Viacom chairman Sumner Redstone has no plans of stepping down anytime soon.
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