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Viacom Inc. (VIA)

  • Mon, Mar. 2, 8:23 PM
    • Les Moonves said on CNBC last month that CBS was "very happy being alone," and the CEO doubled down on that talk at the Morgan Stanley Technology, Media and Telecom conference.
    • Moonves says his COO tells him that CBS will be a $100 stock in four years, so buyers or merger partners like Time Warner (NYSE:TWX) or Viacom (VIA, VIAB) would have to pay "a very high price." CBS shares gained 4.5% Monday to close at $61.75.
    • He also expressed little concern about smaller cable bundles or any lack of negotiating power by eschewing a merger, saying CBS will be in every bundle. "People can't live without CBS ... We like the hand we're playing."
    • The company faces new negotiations with DirecTV (NASDAQ:DTV) and Cablevision (NYSE:CVC) at the end of the year.
    • Previously: AMC Networks finally looking for a deal? (Feb. 25 2015)
    • Previously: Cumulus higher in late trade as CBS M&A chatter flies (Feb. 24 2015)
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  • Thu, Feb. 12, 7:06 PM
    • Following earnings, Time Warner's (TWX +2.8%) got another challenge ahead in negotiations for programming renewals with Comcast (NASDAQ:CMCSA), Dish Network (NASDAQ:DISH) and Time Warner Cable (NYSE:TWC).
    • With distributors slimming down packages (and programming costs), economies of scale are likely to play in Time Warner's favor vs. smaller programmers.
    • The same dynamic is driving chatter around a CBS merger with Viacom (VIA, VIAB) or even TWX -- the need for size to get more mojo in negotiations with stingier distribution channels.
    • An increasing factor is the gradual unbundling of programming from traditional distributors through services like Sling TV, or subscription services from CBS and HBO.
    • TWX's outlook looks increasingly dependent on accelerating revenue growth -- "which is likely to require successful renegotiation of the last two major domestic (pay-TV) deals and highly successful box office performance," says Pacific Crest's Andy Hargreaves.
    • Previously: Dish opens Sling TV signups for all U.S. viewers (Feb. 09 2015)
  • Tue, Feb. 10, 7:37 PM
    • Comedy Central has confirmed that Jon Stewart is departing The Daily Show later this year. He's been the face of the show since 1999.
    • The program is the most valuable franchise at Comedy Central. While the network hasn't been as valuable as Nickelodeon is for parent Viacom (VIA, VIAB) -- which has seen a surplus of ratings problems of late -- The Daily Show reportedly contributed $55.6M in ad dollars in 2013, and 1.4M viewers on average.
    • Moreover, the show was often valuable as a crucial pawn in carriage disputes with network distributors.
    • Stewart's move follows the departure of late-night cohort Stephen Colbert to take over as host of The Late Show on CBS.
    • For its part (and its plans), Comedy Central has said The Daily Show will "endure for years to come."
    • After hours, VIAB -3%.
  • Fri, Jan. 30, 7:22 PM
    • Viacom (VIA, VIAB) closed Friday down 4.4% after missing slightly on fiscal Q1 revenues the previous day, but with a few more stormy concerns popping up -- including ad inventory worries and a planned reduction in stock buybacks.
    • "Layoffs on the way" is the message observers took from CEO Philippe Dauman's warning of "substantial net cost savings throughout our organization" and that the company would "pull all the levers" to achieve them. Even Chairman Sumner Redstone has taken a pay cut, with total comp reduced to $13.2M in 2014 compared to a prior $36.2M.
    • The absence of Redstone on the company's earnings call loomed large, raising concerns about his health in the context of the firm's not-quite-transparent succession plans.
  • Wed, Jan. 14, 3:04 PM
    • Viacom (VIA, VIAB) falls after Citigroup cuts its rating on the company to Sell, a two-notch slide from the previous ratings perch at Buy.
    • Citi slashes the price target on Viacom to $62 from $88.
    • The investment firm sees a risk that Dish Network might drop Viacom after the current carriage fee deal expires.
    • In other smaller cable deals, the impact on EBITDA from lower programming fees more than offset revenue lost from subscriber defections.
    • M&A could save the day for Viacom, notes Citi.
  • Jul. 16, 2014, 8:13 AM
    • 21st Century Fox (NASDAQ:FOXA) will pay as much as $85 per share for Time Warner (NYSE:TWX), according to Bloomberg.
    • The frothy premium hasn't gone unnoticed in the broadcaster sector with CBS (NYSE:CBS) up 1.6% premarket and Viacom (VIA, VIAB) rising 1.8%. Murdoch's 21st Century Fox is 1.7% higher, while even media giants Disney (NYSE:DIS) and Comcast (NASDAQ:CMCSA) are catching a piece of the frenzy, up 0.7% and 0.9% premarket, respectively.
    • TWX is in dreamland, up +20.2% to $85.32.
    • It's setting up to be a banner day for the PowerShares Dynamic Media ETF (NYSEARCA:PBS).
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  • Jan. 30, 2014, 12:04 PM
    • Media stocks are notable out-performers today as earnings report in the sector continue to come in favorable and more content deals across platforms and geographic regions signal more revenue potential for companies on the content side.
    • Advancers: CBS (CBS) +4.0%, Disney (DIS) +3.2%, Twentieth-Century Fox (FOXA) +4.7%, Lions Gate (LGF) +3.7%, Viacom (VIAB, VIA) +4.5%, Time Warner (TWX) +2.9%.
    • Related ETFs: PBS
  • May. 16, 2012, 2:05 PM
    Shares of Viacom (VIA +3.0%) move up after Eagle Capital's Merly Witmer comes out with positive comments on the name at the Ira Sohn Conference. It won't be the last stock to catch a reaction emanating from the hedge fund manager confab. Still on tap: David Einhorn 3:05 PM EST (HLF?), Bill Ackman 5:30 PM.
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  • May. 3, 2012, 6:02 PM
    Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September.
  • May. 3, 2012, 9:00 AM
    Premarket gainers: KNSY +32%. CXW +10%. APKT +7%. ONNN +6%. CLUU +5%. WFM +4%. ARNA +4%. RIG +4%. VIA +3%. TDC +3%. AMT +3%. JRCC +3%. COCO +3%. BUD +3%.
    Losers: GMCR -41%. WTW -15%. ATML -8%. NMM -6%. JDSU -4%. TRS -5%. ARO -4%. HT -4%. M -3%. MGM -3%.
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  • Feb. 8, 2012, 1:18 PM
    Netflix (NFLX -2.6%) slumps after Amazon (AMZN) announces its anticipated Prime Video deal with Viacom (VIA, VIAB). The deal adds over 2K titles from cable networks such as Nickelodeon, MTV, and Comedy Central, and boosts the size of Amazon's library to 15K (Netflix has 20K+). Ryan Lawler believes Prime Video now looks like a real competitor to Netflix, but thinks a standalone service is needed.
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  • Feb. 2, 2012, 9:00 AM
    Premarket gainers: GMCR +21%. CEDC +21%. MTSN +15%. OMEX +10%. GPS +8%. CNQR +6%. EA +6%. CDNS +6%. QCOM +5%. ELGX +5%. GFA +5%. AUO +4%. KSS +4%. ZNGA +4%. IRE +4%. CMI +3%. K +3%. CPST +3%. JDSU +3%. MA +3%. RENN +3%.
    Losers: SD -13%. ANF -12%. ANN -10%. NG -9%. BSX -6%. CI -6%. RCL -6%. UN -5%. MPW +4%. VIA -4%. UL -4%. CHKM -4%. SNE -4%. PCX -4%. PHM -3%. DOW -3%. ANZ -3%. CUK -3%. CCL -3%. NBG -3%.
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  • Aug. 18, 2011, 9:56 AM
    Shares in TV companies follow Time Warner (TWX -4%) lower, possibly on CEO Jeff Bewkes' comments about weaker ad sales. DIS -2.6%, CMCSA -2.1%, VIA -2.4%.
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  • Jul. 6, 2011, 2:53 PM
    DreamWorks Animation (DWA) is down 3.2%, as investors react to news of Viacom's (VIA) Paramount division launching an in-house animation unit that will develop films with "budgets per picture of up to $100 million."
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  • May. 25, 2011, 1:11 PM
    Viacom (VIA +0.8%) boosts its quarterly dividend by 67%, to $0.25.
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Company Description
Viacom Inc is an entertainment content company. It connects with audiences in 165 countries and territories and creates television programs, motion pictures, applications, games, consumer products, social media & other entertainment content.
Sector: Services
Industry: CATV Systems
Country: United States