Viacom Inc (VIA.O)
23 Feb 2017
* Says intends to use net proceeds from offering primarily for repayment of outstanding indebtedness
NEW YORK (IFR) - Investors piled into a hybrid bond offering from US media giant Viacom on Thursday, but the issuer had to sweeten some of the terms to reflect the risk of sweeping US tax reforms.
* Viacom announces leadership transition at Paramount Pictures
(The following statement was released by the rating agency) NEW YORK, February 21 (Fitch) Fitch Ratings has assigned a 'BB+' rating to Viacom Inc.'s (Viacom) issuance of 40-year junior subordinated debentures. The rating reflects standard notching for a hybrid instrument with its risk characteristics. In addition, Fitch affirmed Viacom's 'BBB' Issuer Default Rating (IDR). The Rating Outlook is Negative. Proceeds from the offering are expected to be used to repay the October 2017 and Se
Brad Grey, the chairman and chief executive officer of Viacom Inc's Paramount Pictures film studio is expected to leave with an announcement coming as early as next week, according to two sources familiar with the situation.
* Jana Partners LLC dissolves sole share stake in Twitter - sec filing
Viacom Inc will focus on five of its cable television brands and the Paramount movie studio, license less content to video streaming companies and consider selling assets as part of a turnaround plan, it said on Thursday.
Feb 9 Viacom Inc will focus on five of its cable television brands and the Paramount movie studio, license less content to video streaming companies and consider selling assets as part of a turnaround plan, it said on Thursday.
* Viacom Inc - company presents new strategic plan, including focus on six priority flagship brands
Feb 9 Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, reported a 5.39 percent rise in quarterly revenue, helped by improved theatrical revenue and growth in domestic affiliate revenues.
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