Viacom, planning to split into two companies next year, named Shari Redstone as non-executive vice chairwoman of both units and said investors will receive half a share in each new business for every ...
Most stocks were up Wednesday, but it was a roller coaster ride for the shares of CBS and Viacom, after National Amusements Inc. (NAI) announced plans to sell $600 million of Viacom stock and $345 ...
Viacom and CBS stocks rose on Friday after reports that the two companies might re-merge. Viacom’s stock closed up 9.6% to $33.75; CBS was 1.8% higher to $58.83. The move was being pushed by Shari ...
What: Shares of Viacom jumped nearly 13% late Thursday after the media company announced it had agreed to a multiyear contract renewal with DISH Network. "We are extremely disappointed that DISH has ...
Viacom operates largely in an industry -- cable television -- that's undergoing massive changes. That makes the company vulnerable because even though it owns some impressive brands -- MTV, Comedy ...
While spun-off CBS Corporation has continued to pay cash dividends to its shareholders, Viacom called a halt in early 2009. Now the company is resuming dividend payments – and has also announced a ...
Weak fourth-quarter results at ViacomCBS -- with 3% lower revenues -- sent investors running away in early Thursday trading of the company's stock, down sharply by 16% to $29.52. ViacomCBS posted its ...
Viacom Inc., signaling that investors are shunning its plan to split off Blockbuster Inc., said it might have to write down the value of the video rental chain’s assets. Viacom in June announced an ...
NEW YORK (Reuters) - Sumner Redstone plans to sell more than $945 million of stock in CBS Corp and Viacom Inc, two media companies he controls, to pay off loans that threatened to unravel the media ...
NEW YORK, June 9 (Reuters) - Viacom Inc declared its first quarterly dividend on Wednesday and reinstated a stock repurchase program, addressing questions about how it would invest its extra cash.