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Topic: Viacom


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In the News (Sun 22 Nov 09)

  
  Viacom Eyes Long Island City For Its Studios and Offices - September 28, 2006 - The New York Sun
Viacom's Sumner Redstone in the near future could announce that he is relocating a major portion of his company's Manhattan offices, studios, and support staff to Long Island City, where Silvercup Studios and Kaufman Astoria Studios are based.
Viacom shareholders, no doubt, would be happy with the possibility of such a move.
Viacom has the opportunity to relocate to a number of new office sites in Long Island City, including the Silvercup West development and Tishman Speyer's project on the site of the Queens Plaza parking garage.
www.nysun.com /article/40516   (631 words)

  
  Viacom - Wikipedia, the free encyclopedia
The new Viacom is considered to be the "high-growth" side of the much larger former Viacom.
The former Viacom was renamed CBS Corporation, from which this firm was split off on December 31, 2005.
The split was approved by Viacom's board June 14, 2005, approved December 31, 2005, and effectively undid the Viacom/CBS merger of 1999.
en.wikipedia.org /wiki/Viacom   (833 words)

  
 NationMaster - Encyclopedia: Viacom   (Site not responding. Last check: 2007-10-29)
The new Viacom is considered to be the "high-growth" side of the much larger former Viacom, from which this firm and CBS Corporation were split off in 2006.
Viacom was originally created by CBS in 1971 to get around a FCC ruling that prohibited television networks from owning cable systems and TV stations in the same market.
Viacom's BET - Black Entertainment Television - is the largest national cable network serving African Americans (around 65 million households); BET International reaches 30 countries in Europe and 36 countries in Africa.
www.nationmaster.com /encyclopedia/Viacom   (5793 words)

  
 Online NewsHour Update: Viacom to Pay Record $3.5 Million to Settle FCC Indecency Cases -- November 24, 2004
Media giant Viacom Inc. agreed Tuesday to pay a record $3.5 million to settle dozens of federal investigations into alleged indecency on its TV and radio programs and to implement delays in more live programming to help block material that may be deemed inappropriate.
Viacom said the public, not the government, should decide what it is exposed to on radio and television.
The Viacom settlement, which must be paid to the federal government within five days, is twice the size of the previous record of $1.75 million paid by Clear Channel Communications Inc. in June 2004.
www.pbs.org /newshour/updates/viacomfcc_11-24-04.html   (620 words)

  
 Viacom-Blockbuster head for splitsville - Indiantelevision.com's Breaking News   (Site not responding. Last check: 2007-10-29)
Viacom expects the divestiture to be completed in the third quarter of 2004, says the release.
According to Viacom chairman and chief executive officer Sumner Redstone, "Viacom's separation from Blockbuster is a major event that begins a new chapter in the Viacom growth story and brings significant advantages for both companies as we pursue our separate paths to success.
Viacom has agreed to ensure the tax-free nature of the exchange offer and convert a portion of these shares of Blockbuster Class B common stock, on a one-for-one basis, into shares of Blockbuster Class A common stock prior to the completion of the exchange offer.
www.indiantelevision.com /headlines/y2k4/june/june169.htm   (602 words)

  
 Viacom stations pulled from DISH service in rate dispute - Mar. 9, 2004
Viacom has demanded rate increases which are unreasonable and would contribute to a higher monthly bill for you.
Viacom said in a statement it was "dismayed and disappointed" by the action.
Viacom (VIA.B: down $0.35 to $38.90, Research, Estimates) stock fell nearly 1 percent in afternoon New York Stock Exchange trading while EchoStar (DISH: up $0.10 to $34.28, Research, Estimates) stock was little changed on Nasdaq.
money.cnn.com /2004/03/09/technology/echostar_viacom/index.htm?cnn=yes   (686 words)

  
 CNN - CBS says deal with Viacom could deliver younger audience - September 7, 1999
Viacom plans to buy almost $34.5 billion worth of CBS stock, creating a company with $80 billion in assets.
Viacom spun off from CBS in the early 1970s to get around government rules preventing networks from owning their own programming.
Viacom's 50-percent interest in the struggling UPN network may have to be sold or folded into CBS to comply with a rule that bans a company from owning more than one TV network.
www.cnn.com /SHOWBIZ/TV/9909/07/cbs.viacom01/index.html   (585 words)

  
 Viacom 3Q beats Street, but earnings fall below year ago - Oct. 25, 2000
New York-based Viacom, home to CBS' hit summer series "Survivor" as well as MTV and Showtime cable networks and Paramount Studios, reported a profit of $33 million, or 2 cents a share, off from $97 million, or 14 cents a share, in the year-earlier quarter.
Viacom said third-quarter cash flow, or earnings before interest, taxes, depreciation and amortization, or EBITDA, rose to $1.4 billion from $540 million a year earlier.
Viacom also said that revenues in its entertainment segment, which includes its movie studio and parks divisions, increased 2 percent to $792 million, with pro forma cash flow up 37 percent to $175 million.
money.cnn.com /2000/10/25/companies/viacom   (583 words)

  
 Mel Karmazin out of Viacom; Redstone sets forth succession plan - Indiantelevision.com's Breaking News   (Site not responding. Last check: 2007-10-29)
Karmazin's exit from Viacom is the culmination of a series of well calibrated moves that Redstone has made in the last two months that give more than a hint that there is a clear succession plan already in place.
In announcing the change, Viacom described it as "part of a corporate succession plan, which will provide for the orderly transition to the next generation of senior management." The statement also goes on to add that Redstone will be relinquishing his role as CEO within three years.
Viacom is performing exceptionally well with leadership positions in all of its businesses.
www.indiantelevision.com /headlines/y2k4/june/june14.htm   (747 words)

  
 CBS-Viacom merger: monopolies tighten their grip on the media
Viacom owns 50 percent of the embryonic sixth US television network, UPN, but will likely be forced to sell all or most of its stake as a condition of the merger.
Both Viacom and CBS are themselves products of a complex series of mergers and acquisitions over the past 20 years, during which the US media and publishing industry has seen ownership concentrated in the hands of a half dozen giant conglomerates.
Viacom owner Sumner Redstone is one of the richest men in America, building a media empire beginning with a movie theater operating company, National Amusements, which bought Viacom for $3.4 billion in 1986 shortly after it launched MTV, in a deal financed by the issuance of high-interest debt.
www.wsws.org /articles/1999/sep1999/merg-s11_prn.shtml   (979 words)

  
 | Business Blogs - RSS Feeds - Business Case Studies | Business Thought Leadership | BNET
Viacom plans to pay $84.8 million to former chief Tom Freston who was ousted last month after less than a...
Viacom said Sumner M. Redstone was restructuring his pay to more clearly align it with shareholder interest.
Viacom said it would pay its new chief executive $2 million in salary, as a way to limit cash compensation...
business.updates.com /company.aspx?ticker=VIA   (720 words)

  
 Viacom Company Profile - NYJobSource.com   (Site not responding. Last check: 2007-10-29)
Viacom is a leading media company owning some of the world's best-known cable networks including MTV, VH1, Nickelodeon, Comedy Central, BET, Spike TV, TV Land and CMT.
Viacom used to be a much larger media giant but the CBS division was spun off as of January 1 to increase shareholder value.
Viacom also received Showtime Networks, Inc. (which included Showtime and The Movie Channel), which has retained its original name, Showtime Networks, Inc. In 1986, Viacom was bought by movie theater owner National Amusements, which brought Sumner Redstone to the company.
www.nyjobsource.com /viacom.html   (523 words)

  
 Viacom Group: Overview
Viacom originated as a US cinema operator, moved into cable television and film/television production/distribution (Paramount), video rentals (Blockbuster), book publishing and the national CBS television network.
The Viacom Television Stations Group consists of 34 television stations reaching 15 of the top 20 television markets in the US, through 16 owned-and-operated CBS stations and 18 UPN-affiliated stations.
United Cinemas International (UCI), a joint venture between Viacom and Vivendi's Universal, operates approximately 868 screens in 104 theaters in the UK, Eire, Germany, Austria, Spain, Japan, Italy, Portugal, Poland, Argentina, Brazil, and Panama.
www.ketupa.net /viacom.htm   (1201 words)

  
 Oligopoly Watch
Media oligopoly Viacom has announced it will split into two components by early next year.
Viacom has been particularly successful at spreading its Nickelodeon and MTV concepts across the world.
Apparently, Redstone and the Viacom management team never could assemble the pieces in any way that enhanced their value for stockholders.
www.oligopolywatch.com /2005/06/18.html   (318 words)

  
 Viacom Details Split Plans - CBS News
Viacom's board voted on June 14 to split Viacom into two separately traded public companies, one centered on MTV and the company's other cable networks including VH1 and Nickelodeon; the other company will include CBS and Viacom's radio and outdoor advertising holdings.
Viacom executives say the split is aimed at allowing investors to choose between the two different types of assets, the cable networks seen as being more appealing to growth investors, while the high cash flow aspects of the TV and radio businesses would appeal to investors seeking stability and yield.
Viacom had also made a number of other acquisitions over the years, including the Paramount movie studio and the Blockbuster video rental chain.
www.cbsnews.com /stories/2005/08/05/entertainment/main759870_page2.shtml   (548 words)

  
 Viacom Outdoor: News   (Site not responding. Last check: 2007-10-29)
Viacom Outdoor is unveiling a permanent network of Bluetooth-enabled poster sites on the London Undergound.
Using a double opt-in facility to ensure all content is actively requested, commuters in the vicinity of a Bluetooth site will be able to download and watch the documentaries on their mobile handset.
Viacom Outdoor’s recent The London Commuter research found that 87% of those surveyed said they welcomed advertising on the Tube as an improvement to the environment and as a source of information and entertainment.
www.viacom-outdoor.co.uk /news/newsitem_view.cfm?itemid=153   (526 words)

  
 Digital Music News   (Site not responding. Last check: 2007-10-29)
For Viacom, the report is the first since its separation from CBS Corporation, formerly Viacom, Inc., completed on December 31st, 2005.
Viacom, home to a number of media properties including MTV Networks Europe, now owns 75.8% of the video play, and is interested in outright ownership.
Viacom is looking to expand its highly profitable cable network business, and is betting on massive increases in cable and satellite subscriptions in Europe.
www.digitalmusicnews.com /results?title=Viacom   (4070 words)

  
 USATODAY.com - Viacom will pay $3.5M to settle complaints   (Site not responding. Last check: 2007-10-29)
Viacom (VIAB) agreed Tuesday to pay $3.5 million to settle dozens of complaints about indecent programming on its radio and TV stations in the past five years — the largest such settlement ever reached with federal regulators.
Viacom was already using delays for some shows and expanded the practice after the Super Bowl incident.
Still, the deal is noteworthy because Viacom has been aggressive in resisting the FCC crackdown, having defended Stern even as Clear Channel yanked him off its stations.
www.usatoday.com /money/media/2004-11-23-fcc-viacom-settlement_x.htm   (463 words)

  
 Mel Karmazin leaves Viacom - Changing Viacom's business model - Viacom's recovery
Viacom’s Internet offerings (CBS Marketwatch and CBS Sportsline), by contrast, simply can’t have the size or scale they need to get big ad dollars because Viacom’s Internet strategy was built on the cheap and without thought—there’s no unifying paid search game going on.
Viacom must have felt it was safe in the past decade to move into this business with the cable companies’ having so many problems producing a credible video-on-demand product.
Viacom was and is run by moguls, people who want to make deals and who aspire to be machers.
www.newyorkmetro.com /nymag/columns/bottomline/9302/index.html   (1223 words)

  
 Activision - Corporate Info
In its complaint, which was filed in the Superior Court of the State of California on June 30, 2003, Activision accused Viacom of breaching its fundamental promise to continue exploiting the Star Trek franchise consistent with its practice at the time the agreement was signed in 1998.
Viacom also has allowed two “Star Trek” television series to go off the air and the remaining series suffers from weak ratings.
Viacom also frustrated Activision’s efforts to coordinate the development and marketing of its games with Viacom’s development and marketing of its new movies and television series.
www.activision.com /en_US/news_article_cc/a2d66498-9dde-49c0-ade0-fde70b0caab9.html   (524 words)

  
 Who Owns What: Viacom Corporate Timeline
Viacom was in a bidding war for Paramount with USA Networks.
The deal forms a Viacom duopoly in Los Angeles raising the number of markets where it owns two broadcast stations to eight.
Viacom Outdoor is the largest outdoor advertising entity in North America.
www.cjr.org /tools/owners/viacom-timeline.asp   (824 words)

  
 New York Daily News - Business - Viacom's 443M quarter keeps investors smiling   (Site not responding. Last check: 2007-10-29)
Viacom posted a $443 million profit, compared to a loss of $1.11 billion in the same quarter last year.
Viacom said growth at its cable, TV and video units more than offset a 2% drop in radio sales, the decision by one airline and one hotel to pull advertising due to the war, and the popular NCAA men's basketball championship running later than usual to April 7.
Viacom said revenues from CBS and UPN added 4% in the quarter.
www.nydailynews.com /business/story/77601p-71589c.html   (484 words)

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