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Paidcontent (Free subscription) | yesterday
It looks to be a brutal Q3: Both Viacom ( NYSE: VIA ) and CBS Corp ( NYSE: CBS ). have cut their respective outlook, warning investors that they have been taking a hit on the ad slowdown and the wider economic pain touching all businesses right now. -- Reuters : Viacom's Q3 earnings will come in at least 10 percent short of Wall Street estimates. The company pinned the decline on the worsening...
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Boston Globe (Free subscription) | yesterday
Movie theater operator National Amusements Inc., which is controlled by Sumner Redstone, plans to sell some of its nonvoting stake in Viacom Inc. and CBS Corp. to pay down debt.
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bizjournals (Free subscription) | yesterday
YouTube Inc. on Friday began featuring advertising along with television shows from CBS Corp. in an effort to make the popular video-sharing site a moneymaker. (GOOG)
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The Boston Business Journal (Free subscription) | yesterday
Sumner Redstone’s National Amusements Inc. said Friday that its wholly-owned subsidiary, NAIRI Inc. ,will sell approximately $400 million in non-voting CBS Corp. and Viacom Inc. shares. (CBS) (VIA)
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MSNBC.com: Tech News & Reviews (Free subscription) | 8 hours ago
YouTube, the largest video-sharing Website, has started to run full-length TV shows from CBS Corp's archive, in its latest step to boost advertising revenue by adding professional programing.
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Reuters UK (Free subscription) | yesterday
NEW YORK (Reuters) - YouTube said on Friday that it had started running full-length TV shows from CBS Corp's archive in the popular video-sharing site's latest step to build its advertising business with professional programing.
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Reuters (Free subscription) | yesterday
NEW YORK (Reuters) - YouTube said on Friday that it had started running full-length TV shows from CBS Corp's archive in the popular video-sharing site's latest step to build its advertising business with professional programing.
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Market Watch (Free subscription) | yesterday
SAN FRANCISCO (MarketWatch) -- CBS Corp. said Friday it expects to report adjusted earnings of 42 cents to 44 cents a share in the third quarter, adding that the economic slowdown has hit advertising revenues. Analysts surveyed by FactSet Research estimate earnings of 42 cents a share. CBS said it continues to generate significant free cash flow and expects to maintain its current dividend...
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Market Watch (Free subscription) | yesterday
CBS Corp. says it is cutting its outlook for the year and will take a $14 billion charge, citing a troubled advertising market and sending its shares 14% lower in afternoon trading.
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Law Blog - WSJ.com (Free subscription) | yesterday
Movie theater operator National Amusements Inc., which is controlled by Sumner Redstone, plans to sell some of its nonvoting stake in Viacom Inc. and CBS Corp. to pay down debt.
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Gawker (Free subscription) | yesterday
Sumner Redstone, the billionaire who controls Viacom Inc. and CBS Corp., is being forced to sell about one-fifth of his stake in the media companies to meet loan terms at his holding company, National Amusements Inc.The sale plan followed a statement from Viacom today that third-quarter earnings missed analysts' estimates, sending the stock down as much as 28 percent. CBS fell as much as 15...
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MSNBC.com (Free subscription) | 10/09/2008
An investor advisory firm has deemed Sprint Nextel Corp executives the most overpaid in corporate America, with top managers awarded pay valued at nearly $74 million last year when the company struggled.
