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SAN FRANCISCO (MarketWatch) -- Viacom Inc. said Wednesday after the closing bell that it is exploring the possible break-up of the company into separate publicly traded companies.
"CBS and Viacom shares have dropped about 19% and 24%, respectively, since the long-expected deal was confirmed on Aug. 13." "There's a light at the end of the tunnel," Bakish told her.
Overall, however, Viacom revenue declined 3% to $3.3 billion for the quarter because of lower sales of advertising on its cable networks and movie DVDs. The company’s earnings per share ...
As a result, the company owns more than 310 channels across 180 countries, broadcasting in 46 languages with over 4.4 billion cumulative subscribers.
After losing money for the third consecutive year on its Rock Band video games produced by Harmonix, Viacom is moving to take back a ‘substantial portion’ of a $150-million bonus it paid in ...
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