Viacom Borrows $3B To Repay Debt And Repurchase Shares

By | Tuesday August 13, 2013 @ 7:23am PDT

The debt offering takes advantage of the market’s low interest rates, and will help fuel Viacom’s recently announced plan to double its stock repurchase effort to $20B — including $3B to take place in 2013. The decision to … Read More »

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Paranormal Activity? Heads Spin On Wall Street Over Viacom’s Mixed Report

By | Thursday February 2, 2012 @ 3:51pm PST

Hats off to Susquehanna Financial Group’s Vasily Karasyov for having the wit today to describe Viacom’s creaky financial performance in the last three months of 2011 as “A Quarter Of Paranormal Activity.”  But from the look of … Read More »

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Viacom Announces $1B Debt Offering

By | Wednesday December 7, 2011 @ 2:55pm PST

This looks like a smart move considering how low interest rates are now. Just before making this announcement, Viacom said that it’s also redeeming $750M in senior notes that pay 6.85%.

NEW YORK, Dec. 7, 2011 — Viacom Inc.

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UPDATE: Viacom Says Nielsen Snafu Led To Decline In Nickelodeon Toy Ads; Forecasts Strong 2012 Despite Economic “Headwinds”

UPDATE, 8:50 AM: Listen up Occupy Wall Streeters: Viacom CEO Philippe Dauman told analysts that the company is doing better than ever financially – yet is still cutting jobs. It reported a $130M restructuring charge in the … Read More »

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Viacom Credits ‘Rango’ For Up Earnings; Warns It Can Take Or Leave DWA Animation

UPDATE, 6:55 AM: CEO Philippe Dauman says that Paramount is starting to make business plans for 2013 and 2014 and “can accommodate having Dreamworks [Animation] titles in or out” after their distribution deal expires next year. He told analysts, in a conference call, that the companies have “a strong relationship” and that he’s ready to discuss a new deal whenever Dreamworks Animation CEO Jeffrey Katzenberg is ready. But he added that Paramount’s “development pipeline is strong” and will include more animated films following the success of its first effort, Rango.

Dauman also says that the company plans “a very significant increase” over the next year or 2 in the amount of original shows it will run on cable channel Spike. He added that he expects “significant year-over-year gains” in upfront ad sales across Viacom’s networks.

PREVIOUS, 5:11 AM: Helped by a strengthening ad market, TV hits including MTV’s Jersey Shore, and a Paramount Pictures slate that included Rango, Viacom far exceeded Wall Street analysts’ forecasts for its financial performance in the quarter that ended in March. The entertainment giant reported net earnings of $376 million, up 47% vs. the same period last year, on revenues of $3.3 billion, up 20%. That translated into 72 cents in earnings per share. The consensus forecast among analysts put earnings of 61 cents with revenues of $3 billion.

“This was an outstanding quarter, reflecting our continued operating momentum,” Viacom CEO Philippe Dauman said in a prepared statement. Read More »

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Viacom’s Philippe Dauman Scores Major Payday

Viacom has been very good to Philippe Dauman. A company proxy statement filed on Friday with the Securities and Exchange Commission revealed that the CEO amassed $84.5 million in stock, salary and other benefits during Viacom’s fiscal year, which ended … Read More »

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Viacom Inc To Pay Quarterly Cash Dividend

By | Thursday January 13, 2011 @ 1:15pm PST

NEW YORK, Jan. 13, 2011 — Viacom Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share on its Class A and Class B common stock. The dividend will be payable on April 1, 2011 to stockholders of record at the

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Mixed Results For Viacom’s 3rd Quarter

By | Thursday November 11, 2010 @ 6:59am PST

A revived ad market boosted the media networks division, but the movie unit faltered. The result was a 3rd quarter net revenue of $3.33 billion, a 5% increase compared to $3.17 billion same quarter last year and in line with Wall … Read More »

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