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Viacom Inc (VIA.O)

VIA.O on Nasdaq

42.75USD
17 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Viacom appoints David Lynn as CEO of Viacom International Media Networks
Wednesday, 11 Jan 2017 07:30am EST 

Viacom Inc : Viacom appoints David Lynn as CEO of Viacom International Media Networks . Viacom Inc says Lynn is currently president of VIMN's operations in UK, Northern and Eastern Europe .Viacom Inc says Lynn will report to Bob Bakish, whom he replaces as CEO of VIMN.  Full Article

Viacom acquires Televisión Federal S.A. in Argentina from Telefónica S.A. for $345 mln
Tuesday, 15 Nov 2016 12:00pm EST 

Viacom Inc : under terms of agreement, Viacom will acquire all of Telefe's brands and assets . transaction is expected to be accretive to Viacom's fiscal year 2017 earnings . transaction has been concluded for a total amount of US$345 million dollars in cash . Acquisition was financed from Viacom's existing cash balances .Viacom acquires Televisión Federal S.A. (Telefe) in argentina from Telefónica S.A. For US$345 million.  Full Article

Viacom sets qtrly cash dividend of $0.20/shr
Monday, 31 Oct 2016 05:04pm EDT 

Viacom Inc :Sets quarterly cash dividend of $0.20 per share.  Full Article

Viacom says Robert Bakish appointed acting CEO, acting president
Monday, 31 Oct 2016 04:10pm EDT 

Viacom Inc : Viacom announces leadership transition . Says Robert Bakish appointed acting CEO and acting president . Robert Bakish appointed acting president and CEO, having led Viacom's international growth since 2007 . Bakish is also being appointed to new role of president and chief executive officer of Viacom Global Entertainment Group . Robert Bakish will succeed Tom Dooley, who, as previously announced, will be leaving company . New business unit combines Viacom's International Media Networks Division with company's Music And Entertainment Group . In addition, Tv Land and CMT will join Global Entertainment Group Portfolio under Bakish . BET Networks will continue to function as a separate group .Viacom's Kids and Family Group will be reestablished as "Nickelodeon Group".  Full Article

Viacom board forms special committee to evaluate national amusements request
Friday, 30 Sep 2016 04:02pm EDT 

Viacom Inc : Special committee is comprised of independent directors thomas may and Nicole Seligman, who will act as co-chairs . Special committee has retained debevoise & Plimpton LLP as independent legal advisor, and expects to retain an independent financial advisor . National amusements, directly and through subsidiaries, owns approximately 80% of Class A (voting) common stock of both Viacom and Cbs . Viacom board forms special committee to evaluate national amusements request . Special committee is comprised of independent directors Thomas May and Nicole Seligman, who will act as co-chairs . Special committee is also comprised of Kenneth Lerer, Judith Mchale, Ronald Nelson and Charles Phillips .Formed special committee of independent directors to evaluate request by national amusements that co explore a potential combination with cbs.  Full Article

Viacom announces $1.3 bln debt offering
Thursday, 29 Sep 2016 10:57pm EDT 

Viacom Inc : Viacom announces $1.3 billion debt offering . Intends to use net proceeds from offering primarily for repayment of outstanding indebtedness . To sell $900 million in aggregate principal amount of 3.450% senior notes due 2026 at price equal to 99.481% of principal amount thereof .To sell $400 million in aggregate principal amount of 2.250% senior notes due 2022 at a price equal to 99.692% of principal amount thereof.  Full Article

Viacom files for two-part U.S. dollar offering of senior notes - SEC filing
Thursday, 29 Sep 2016 10:02am EDT 

Viacom Inc :Viacom Inc files for two-part U.S. dollar offering of senior notes - SEC filing.  Full Article

National Amusements Inc proposes combination of CBS and Viacom
Thursday, 29 Sep 2016 08:00am EDT 

National Amusements Inc: National Amusements, Inc. proposes combination of CBS and Viacom . National Amusements, Inc - believe that a combination of CBS and Viacom might offer "substantial synergies" . National Amusements - tentative view is that "optimal structure" would be all-stock deal in which stockholders of each co would get shares in combined co . National Amusements - none of Sumner Redstone, Shari Redstone or David Andelman will vote on board consideration potential CBS-Viacom merger . National Amusements - believe any potential CBS-Viacom deal should be result of fair deliberation; any deal would proceed only if approved by each board . National Amusements is not willing to accept or support any acquisition by a third party of either company .National Amusements - not willing to accept any deal that would result in National Amusements surrendering controlling position in either CBS or Viacom.  Full Article

Viacom Director Dauman sold 749,281 of co's class B common stock - SEC filing
Tuesday, 30 Aug 2016 07:41pm EDT 

Viacom Inc :Director Dauman sold 749,281 of co's class B common stock at prices between $41.4324per share to $41.4282per share between aug 26 and aug 29- SEC filing.  Full Article

Viacom says Philippe Dauman reports sale of 166,169 shares
Friday, 26 Aug 2016 04:17pm EDT 

Viacom Inc [VIAB.O] : Philippe Dauman reports open market sale of 166,169 shares of co's class b common stock on august 24 - SEC filing . Philippe dauman reports open market sale of 86,883 co's class b common stock at average price of $41.51/share on aug 25 .Philippe Dauman's open market sale of shares reported on aug 24 were sold in multiple transactions at prices ranging from $41.50 to $42.01.  Full Article

BRIEF-Viacom CEO Robert Bakish reports grant of employee stock options

* CEO Robert Bakish reports grant of employee stock options of 337,500 of co's class b common stock