International Business News - Viacom http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Amid an ongoing debt crisis at controlling shareholder Sumner Redstone's movie theater company, National Amusements Inc., media giant Viacom Inc. said Thursday it will slash about 850 jobs--7 percent of its work force--and freeze some senior-level salaries. http://www.ibtimes.com/articles/20081204/viacom-to-cut-850-jobs-freeze-some-raises-in-2009.htm Thu, 04 Dec 2008 19:18:52 EST A Deutsche Bank North America analyst said Tuesday that Viacom Inc.'s outlook is muddled, as lagging advertising growth and increased programming expenses next year could temper cost cuts, buybacks and minimal debt risk. http://www.ibtimes.com/articles/20081104/ahead-of-the-bell-analysts-see-viacom-pros-cons.htm Tue, 04 Nov 2008 08:10:13 EST Media conglomerate Viacom Inc. said Monday its third-quarter profits fell 37 percent from a year ago as film studio Paramount Pictures' theatrical revenue fell more than a third and advertising revenue also declined, worsened by lackluster ratings at MTV. http://www.ibtimes.com/articles/20081103/viacom-3q-earnings-decline-37-percent.htm Mon, 03 Nov 2008 20:33:04 EST Viacom Inc., the media conglomerate that owns MTV, Nickelodeon, Comedy Central and Paramount Pictures, reports its third-quarter earnings Monday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081031/earnings-preview-viacom-to-post-3q-earnings.htm Fri, 31 Oct 2008 18:24:09 EDT Movie rental company Blockbuster Inc. said Thursday it has improved its liquidity by $75 million after amending a credit deal with former parent company Viacom Inc. http://www.ibtimes.com/articles/20081030/blockbuster-improves-its-liquidity-by-75m.htm Thu, 30 Oct 2008 12:22:59 EDT National Amusements Inc., which holds Sumner Redstone's controlling interest in Viacom Inc. and CBS Corp., said Friday that a drop in value of CBS and Viacom shares has put its debt obligations at risk. http://www.ibtimes.com/articles/20081017/national-amusements-in-talks-about-debt-obligation.htm Fri, 17 Oct 2008 15:23:36 EDT Viacom Inc. subsidiary Paramount Pictures said Wednesday it is trimming six movies a year from its annual film slate, days after Steven Spielberg's DreamWorks studio announced its films would be distributed by Universal Pictures, leaving a gap at Paramount. http://www.ibtimes.com/articles/20081015/paramount-trims-6-films-a-year-from-slate.htm Wed, 15 Oct 2008 19:03:27 EDT As the broader market surged on Monday, shares of Viacom Inc. and CBS Corp. rebounded from steep losses posted Friday after both companies lowered their profit forecasts and Sumner Redstone's theater chain said it would sell Viacom and CBS shares. http://www.ibtimes.com/articles/20081013/viacom-cbs-rebound-from-fridays-steep-sell-off.htm Mon, 13 Oct 2008 18:48:30 EDT Movie theater operator National Amusements Inc., which is controlled by Sumner Redstone, said Monday it has concluded its sale of $233 million in Viacom Inc. and CBS Corp. non-voting shares. http://www.ibtimes.com/articles/20081013/redstones-vehicle-wraps-cbs-viacom-stake-sale.htm Mon, 13 Oct 2008 09:30:30 EDT Movie theater operator National Amusements Inc., which is controlled by Sumner Redstone, plans to sell some of its nonvoting stake in Viacom Inc. and CBS Corp. to pay down debt. http://www.ibtimes.com/articles/20081010/redstones-vehicle-to-sell-some-viacom-cbs-shares.htm Fri, 10 Oct 2008 13:29:27 EDT Viacom Inc. is trimming its 2008 outlook, blaming slowing advertising revenue and the souring global economy for the decline. Viacom said its full-year net earnings from continuing operations would grow in the "mid-single to low double-digit" percentage range, down from the "low double-digit" growth it predicted in July, based on a 2 percent decline in global ad revenues. http://www.ibtimes.com/articles/20081010/viacom-lowers-2008-3q-earnings-outlook.htm Fri, 10 Oct 2008 16:21:25 EDT Viacom Inc.'s Paramount Pictures will globally distribute the next five movies made by Marvel Entertainment Inc., including "Iron Man 2" and "Thor" in 2010, the companies said Monday. http://www.ibtimes.com/articles/20080929/viacoms-paramount-in-marvel-distribution-deal.htm Mon, 29 Sep 2008 17:24:13 EDT Viacom Inc.'s stock sank on Wednesday after the entertainment company reported its television ad revenue weakened during the second quarter and continues to soften, though analysts remained optimistic. http://www.ibtimes.com/data/articleimgs/138743-bush-mccain-obama-2008-financial-metldown.jpg http://www.ibtimes.com/articles/20080730/viacom-shares-sink-on-weakening-ad-revenue.htm http://www.ibtimes.com/articles/20080730/viacom-shares-sink-on-weakening-ad-revenue.htm Wed, 30 Jul 2008 19:01:44 EDT Entertainment company Viacom Inc. said Tuesday it withstood a weak U.S. advertising market in the second quarter with a strong film slate led by "Iron Man" and the popular Rock Band video game. http://www.ibtimes.com/articles/20080729/viacom-says-strong-film-slate-boosts-2q-revenue.htm Tue, 29 Jul 2008 20:19:49 EDT Viacom Inc., the media conglomerate that owns MTV, Nickelodeon, Comedy Central and Paramount Pictures, reports its second-quarter earnings Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080728/earnings-preview-viacom-to-post-q2-earnings.htm Mon, 28 Jul 2008 14:29:06 EDT A tight credit market prompted Viacom Inc.'s movie-making subsidiary, Paramount Pictures, to drop a deal for $450 million in financing from Deutsche Bank, the companies said Tuesday. http://www.ibtimes.com/articles/20080715/paramount-drops-450-million-movie-financing-deal.htm Tue, 15 Jul 2008 14:43:26 EDT A federal judge overseeing a $1 billion copyright-infringement lawsuit against YouTube has ordered the online video sharing site to disclose who watches which clips and when. http://www.ibtimes.com/data/articleimgs/85261-.jpg http://www.ibtimes.com/articles/20080703/google-ordered-turn-over-youtube-records.htm http://www.ibtimes.com/articles/20080703/google-ordered-turn-over-youtube-records.htm Thu, 03 Jul 2008 18:54:54 EDT Viacom Inc. spent nearly $1.3 million in the first quarter to lobby on a broad range of copyright and intellectual property measures, among other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080627/viacom-spent-nearly-1-3-million-to-lobby-in-1q.htm Fri, 27 Jun 2008 14:21:00 EDT Viacom Inc. Chairman Sumner Redstone sold 490,739 shares of common stock back to the media conglomerate for about $18.8 million, according to a Securities and Exchange Commission filing. http://www.ibtimes.com/articles/20080611/viacom-chairman-redstone-sells-490-739-shares.htm Wed, 11 Jun 2008 10:28:39 EDT Paramount Pictures said Wednesday it will combine its marketing, distribution and production functions with indie label Paramount Vantage. Rob Moore, vice chairman of Paramount Pictures, said in a statement provided Wednesday that the combination of the two Los Angeles-based units of Viacom Inc. will be more efficient. http://www.ibtimes.com/articles/20080604/paramount-vantage-to-combine-operations-with-paramount.htm Wed, 04 Jun 2008 23:01:21 EDT