Viacom Inc (VIA.O)
Feb 15 Media company CBS Corp, which is exploring a merger with Viacom Inc, on Thursday reported a 85.2 percent drop in quarterly profit, largely due to a $129 million charge related to the recent changes in the U.S. tax law.
* TAKES SHARE STAKE OF 1 MILLION CLASS B SHARES IN VIACOM - SEC FILING
On Tuesday, Reuters hosted a Newsmaker event, “No Safe Spaces for Big Media,” in New York with moderator Jennifer Saba, Breakingviews columnist, and panelists Julius Genachowski, Partner and Managing Director, The Carlyle Group; Samantha Greenberg, Managing Partner and Chief Investment Officer, Margate Capital; DeDe Lea, Executive Vice President, Global Government Affairs, Viacom and James C. Murray, Partner, PJT Partners.
* Outbound deals rise for 3rd straight month but for low levels
Viacom Inc , which is exploring a merger with CBS Corp , raised its forecast for full-year revenue from U.S. cable and satellite companies on Thursday, sending its shares up as much as 12 percent.
* Shares jump as much as 12 pct (Adds context, background on U.S. ad sales)
* VIACOM PROJECTS RETURN TO GROWTH IN ADJUSTED OPERATING INCOME, ADJUSTED DILUTED EPS IN SECOND HALF OF FY 2018 - COMPANY
* REVENUES IN FIRST FISCAL QUARTER DECREASED 8%, OR $251 MILLION, TO $3.07 BILLION
Feb 8 Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, reported a 7.6 percent fall in quarterly revenue on Thursday, due to a drop in the fees it collects from cable TV operators.
CBS Corp and Viacom Inc have formed special committees to explore a merger, the companies said on Thursday, the first step in potentially reuniting the companies split by media mogul Sumner Redstone more than a decade ago.
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