Key Developments: Viacom Inc (VIA.O)

VIA.O on Nasdaq

19 Dec 2014
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$0.34 (+0.45%)
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Latest Key Developments (Source: Significant Developments)

Viacom Inc announces $1.0 billion debt offering
Wednesday, 3 Dec 2014 07:08pm EST 

Viacom Inc:Agrees to sell $400 million in aggregate principal amount of 2.750 pct. senior notes due 2019 at price equal to 99.986 pct. of principal amount thereof (senior notes) and $600 million in aggregate principal amount of 4.850 pct. senior debentures due 2034.At price equal to 99.543 pct. of principal amount thereof (senior debentures and, together with senior notes, senior notes and debentures).Sale of senior notes and debentures is expected to close on Dec. 10.Intends to use net proceeds from offering primarily for repayment of outstanding indebtedness, which includes repayment of $600 million aggregate principal amount of its 1.250 pct. senior notes due Feb. 2015 and borrowings under its commercial paper program.And, to extent that any proceeds remain, for general corporate purposes, including, but not limited to, repurchase of shares under its share repurchase program.Joint book-running managers for offering are Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Mizuho Securities USA Inc. and SMBC Nikko Securities America, Inc.  Full Article

Viacom Inc declares quarterly cash dividend
Wednesday, 12 Nov 2014 02:30pm EST 

Viacom Inc:Declares a quarterly cash dividend of $0.33 per share on both its Class A and Class B common stock.Payable on Jan. 2, 2015 to stockholders of record on Dec. 15.  Full Article

Viacom and Frontier Communications renew carriage agreement
Wednesday, 12 Nov 2014 09:30am EST 

Viacom Inc and Frontier Communications Corp:Says a long-term renewal of their carriage agreement, which includes multiplatform rights for 27 Viacom networks as well as for premium network EPIX.EPIX delivers big hit movies, original comedy specials, original documentaries, music concerts and series.EPIX also offers 3,000 titles available for streaming at and on the EPIX App.Additional terms of the agreement were not disclosed.  Full Article

Verizon FiOS and Viacom Renew Carriage Agreement
Wednesday, 1 Oct 2014 04:30pm EDT 

Viacom Inc:Says the company and Verizon FiOS announced a renewal of their FiOS carriage agreement;.Under which FiOS carries 25 of Viacom's industry networks, including MTV, Nickelodeon, Comedy Central, BET, VH1, Spike, TV Land and CMT, in addition to Viacom joint venture services EPIX and Aapka Colors.Under the terms of the new agreement, Viacom joins a growing list of programmers who have entered into ground-breaking, active user agreements with Verizon, granting national rights to distribute marquee content to Verizon Wireless customers.  Full Article

Viacom and Sony reach landmark internet distribution agreement
Wednesday, 10 Sep 2014 10:00am EDT 

Viacom and Sony:Says a Landmark agreement for Sony's forthcoming cloud-based TV service to carry 22 Viacom networks at launch.The deal marks Viacom's first-ever agreement to provide its networks for an Internet-based live TV and video on demand service.  Full Article

Viacom Inc closes acquisition of Channel 5
Wednesday, 10 Sep 2014 07:00am EDT 

Viacom Inc:Says Viacom International Media Networks, division announced completion of its 450 mln Pound acquisition of Channel 5 Broadcasting Ltd from Northern & Shell Media Group.Deal, which was announced on May 1, was closed on Sept. 10 after receiving unconditional clearance from European Commission.  Full Article

Viacom Inc declares quarterly cash dividend
Tuesday, 22 Jul 2014 02:30pm EDT 

Viacom Inc:Declares quarterly cash dividend of $0.33 per share on both Class A and Class B common stock.Dividend will be payable on Oct. 01, 2014 to stockholders of record date Sept. 15, 2014.  Full Article

DEFY Media LLC announces acquisition of Viacom Digital Inc's gaming assets
Monday, 9 Jun 2014 11:22am EDT 

DEFY Media LLC:Says the company and Viacom Inc announced that DEFY has acquired Viacom's gaming focused digital properties Addicting Games, GameTrailers and Shockwave.In consideration for the digital properties, Viacom will receive a minority interest in DEFY.Says the two companies have also entered into marketing and content syndication agreements that will draw on their respective scale and expertise in developing and distributing entertainment to influential audiences.  Full Article

Viacom increases quarterly cash dividend
Wednesday, 21 May 2014 12:32pm EDT 

Viacom Inc:Approved an increase in its quarterly dividend to $0.33 per share of Class A and B common stock from $0.30 per share.Payable on July 1 to stockholders of record on June 13.  Full Article

Viacom Inc's Viacom International Media Networks to acquire Channel 5 Broadcasting
Thursday, 1 May 2014 06:30am EDT 

Viacom Inc and Northern & Shell Media Group:Definitive agreement for acquisition of Channel 5 Broadcasting Limited by Viacom International Media Networks (VIMN) for 450 mln Pounds.Purchase price of the acquisition will be financed by Viacom's existing cash balances and the transaction is expected to be accretive immediately after closing.Viacom International Media Networks (VIMN) is a unit of Viacom Inc.  Full Article


Viacom revenue misses estimates on fewer movie releases

- Viacom Inc, the owner of cable networks MTV and Comedy Central and movie studio Paramount Pictures, on Wednesday posted lower-than-expected second-quarter revenue as it released fewer movies.

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