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...
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...
Gerald Sindell | Posted 10.23.2009 | Comedy
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."
Posted 10.14.2009 | Media
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AP | Posted 10.14.2009 | Media
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.
Sam Gustin | Posted 10.01.2009 | Politics
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...
Lauri Lyons | Posted 09.18.2009 | Entertainment
When it comes to women in hip-hop, don't call it a comeback. Women have been here for years.
Judith Ellis | Posted 09.12.2009 | Politics
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.
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...
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...
Norman Horowitz | Posted 08.07.2009 | Media
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...
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...
Christian Avard | Posted 06.18.2009 | Entertainment
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.
Shelly Palmer | Posted 06.01.2009 | Media
Disney has officially become an equity-owning partner in NBCU-Fox venture Hulu.
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. ...
New York Times | Tim Arango and Brian Stelter | Posted 05.03.2009 | Media
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...
AP | RYAN NAKASHIMA | Posted 03.30.2009 | Media
LOS ANGELES — Billionaire media mogul Sumner Redstone's family theater chain, National Amusements Inc., said Friday it has reached an agreement ...
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...
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 ...
Ed Madison | Posted 02.12.2009 | Media
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.
Kim Stolz | Posted 02.09.2009 | Entertainment
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.
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...
AP | RYAN NAKASHIMA | Posted 01.31.2009 | 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 cab...
AP | RYAN NAKASHIMA | Posted 01.30.2009 | Media
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...
Allison Kilkenny | Posted 01.11.2009 | Media
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...
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...
AP | ANDREW VANACORE | Posted 11.03.2009 | Media