Viacom Profit Up 15%
NEW YORK — G.I. Joe and the Transformers came to Viacom Inc.'s rescue in the third quarter, helping boost the company's earnings 15 percent with...
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Breaking: Fox News Spun Off to Viacom
Gerald Sindell | Posted 10.23.2009 | Comedy
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Asked what she might need to do in order to make Fox News a better fit with the Comedy Channel formula, Viacom's MTV networks CEO, Judy McGrath replied, "Absolutely nothing."
Sumner Redstone Sells Shares Of Viacom, CBS
Posted 10.14.2009 | Media
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...
Sumner Redstone Sells Shares Of Viacom, CBS
AP | Posted 10.14.2009 | Media
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NEW YORK — Media mogul Sumner Redstone's holding company, National Amusements Inc., is selling some of its stake in CBS Corp. and Viacom Inc. as well as 35 movie theaters to pay off its debts.
The moves will raise around $1 billion in cash and allow National Amusements to meet a $500 million debt payment this month, alleviating concerns that the company could lose control of the media conglomerates or run into trouble with its creditors.
With the asset sales, National Amusements will retain more than 75 percent voting control of both CBS and Viacom while helping pay off some $1.46 billion in debt.
The company ran into problems with its debt late last year as stocks tumbled and the credit markets seized.
It said it did not intend to reduce its stakes further.
Hollywood, Recording Industry Beg Obama to Help Save Them From Pirates
Sam Gustin | Posted 10.01.2009 | Politics
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White House,
NBC Universal,
Time Warner,
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Victoria Espinel,
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Faced with the global menace of digital piracy, some of the largest entertainment companies in the world have banded together to beg the Obama adminis...
Women in Hip-Hop: The B-girl Be Festival
Lauri Lyons | Posted 09.18.2009 | Entertainment
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Afrika Bambaataa,
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Raquel Cepeda,
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When it comes to women in hip-hop, don't call it a comeback. Women have been here for years.
Being Concerned about 'the Least of These'
Judith Ellis | Posted 09.12.2009 | Politics
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Bailout,
Viacom,
Children,
Lobbyists,
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When I meet parents and children for the first time who have been foreclosed on, it is the look in the kids' eyes that tell the story of hardship.
Investors Worrying Comcast Will Try To Acquire Viacom Or Time Warner
Reuters | Posted 09.17.2009 | Media
Investors worry that Comcast might use growing cash reserves to go after names such as Viacom Inc, owner of MTV Networks and Paramount film studio, or...
Viacom Profit Falls 32% In 2Q
AP | ANDREW VANACORE | Posted 08.28.2009 | Media
NEW YORK — Viacom Inc. struck a hopeful note on advertising for the rest of the year even as the media conglomerate controlled by Sumner Redston...
What Is the Use Of Having Power If You Don't Abuse It?
Norman Horowitz | Posted 08.07.2009 | Media
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In order to confuse those who from time to time come across something that I write, I have decided to deal in one article with some of the "transgress...
Viacom CEO Philippe Dauman: Ad Sales Stabilizing
Hollywood Reporter | Posted 06.27.2009 | Media
NEW YORK -- Viacom president and CEO Philippe Dauman predicted a drawn-out upfront advertising market Wednesday and reiterated that ad sales have stab...
Dennis Perrin Sounds Off on Jon Stewart, Barack Obama, and The Nation
Christian Avard | Posted 06.18.2009 | Entertainment
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Barack Obama,
Torture,
Jane Hamsher,
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Dennis Perrin: I would like to see more direct action but I knew early on in the Obama administration that it was just not going to happen.
Disney Inks Deal with Hulu: MediaBytes with Shelly Palmer May 1, 2009
Shelly Palmer | Posted 06.01.2009 | Media
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Disney has officially become an equity-owning partner in NBCU-Fox venture Hulu.
Viacom Earnings Fall 34%
AP | Posted 05.31.2009 | Media
NEW YORK — Media conglomerate Viacom Inc. said Thursday its first-quarter profit fell 34 percent, hurt by falling ad and entertainment revenue. ...
Gates Foundation, Viacom Partner For "Message Placement" On TV Shows
New York Times | Tim Arango and Brian Stelter | Posted 05.03.2009 | Media
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Now the Gates Foundation is set to expand its involvement and spend more money on influencing popular culture through a deal with Viacom, the parent c...
Sumner Redstone Wins Debt Restructuring Deal, Buys Two Years' Breathing Room
AP | RYAN NAKASHIMA | Posted 03.30.2009 | Media
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LOS ANGELES — Billionaire media mogul Sumner Redstone's family theater chain, National Amusements Inc., said Friday it has reached an agreement ...
Viacom's Redstone Optimistic As Profit Falls
New York Times | Tim Arango | Posted 03.16.2009 | Media
The various legacies of Sumner M. Redstone, the 85-year-old mogul, were rippling across the media industry on Thursday. Midway Games, the Chicago vid...
Viacom Profit Falls, Media Networks Revenue Actually Up
AP | RYAN NAKASHIMA | Posted 03.15.2009 | Media
LOS ANGELES — Viacom Inc., the media conglomerate controlled by Sumner Redstone, said Thursday its fourth-quarter profit fell 69 percent as the ...
CBS Can't Die
Ed Madison | Posted 02.12.2009 | Media
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Years earlier, right out of college, I was hired to join the team that launched CNN. Visionary Ted Turner had this crazy notion that people would want to watch 24 hours of non-stop news.
On TV, Life, and Gossip Girl
Kim Stolz | Posted 02.09.2009 | Entertainment
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Television is reflective of the economic downturn and fiercely threatened media climate that we are living in now -- it is no surprise that Dirty Jobs and other "blue collar"-like shows are thriving.
Viacom And Time Warner Agree On Fees
AP | RYAN NAKASHIMA | Posted 02.02.2009 | Media
LOS ANGELES — There's no need to cry, Dora. The programmer Viacom and Time Warner Cable agreed on compensation that preserved access for the ca...
Time Warner, Viacom Reach Deal
AP | RYAN NAKASHIMA | Posted 01.31.2009 | Media
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LOS ANGELES — There's no need to cry, Dora. The programmer Viacom and Time Warner Cable agreed on compensation that preserved access for the cab...
Time Warner Cable Loses Viacom: MTV, Nickelodeon, Comedy Central To Go Dark
AP | RYAN NAKASHIMA | Posted 01.30.2009 | Media
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LOS ANGELES — Millions of cable TV subscribers might see more than a dozen channels from MTV to Comedy Central go dark at a minute past midnight...
Viacom to Employees: Happy Holidays and Go Screw Yourselves
Allison Kilkenny | Posted 01.11.2009 | Media
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Choose or Lose,
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Late paychecks are always a drag, but they're especially inconvenient during the holidays. A delayed payment of a week may mess up one's checkbook, bu...
Viacom Layoffs Are Here: 850 Will Be Fired
AP | RYAN NAKASHIMA | Posted 01.04.2009 | Media
LOS ANGELES — Amid an ongoing debt crisis at controlling shareholder Sumner Redstone's movie theater company, National Amusements Inc., media gi...
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AP | ANDREW VANACORE | Posted 11.03.2009 | Media