Tags » Viacom

Wall Street Clobbers Viacom Shares Following Disappointing Reports

Wall Street delivered its response to Viacom’s recent performance, and CEO Philippe Dauman’s latest forecasts for the company, and it’s ugly: Traders drove Viacom’s share price down 21.5% today to $32.86, the lowest it’s closed since mid-2010. 325 more words

Breaking News

Snapchat is willing to experiment with just about anything to make money

Snapchat has the eyes, ears, and fingertips of young people in the US, but the five-year-old media company is still figuring out how to make money… 662 more words

Ad Deal with Snapchat Is a Lone Bright Spot at an Ailing Viacom

Viacom may have settled (for now at least) questions over who is running the show, with CEO Philippe Dauman taking on the added role of chairman. 677 more words

Tech

Sumner Redstone's Ex-Girlfriend Stood to Gain House and $50 Million, New Court Filing Shows

UPDATED: In the protracted battle over who should control Sumner Redstone’s health care, one-time girlfriend Manuela Herzer has argued she rightly should have that responsibility and that she is motivated only out of her love for the 92-year-old media magnate. 468 more words

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Sumner Redstone Says Ex-Companion Just After $50M In Old Will, Not His Well-Being

Now that Sumner Redstone has resigned from running Viacom and CBS, the white gloves have seemingly come off in the heath care legal action brought by his former companion Manuela Herzer — and it’s all about the money. 457 more words

Breaking News

MTV Base Premieres "Lip Sync Battle" Africa

… As LL Cool J Makes Big Announcement On Social Media

Viacom-owned youth entertainment channel MTV (DStv channel 130) has announced the premiere of a local version of its global hit entertainment show, Lip Sync Battle Africa. 104 more words

Entertainment

Viacom Stock Plunges 21% After Chairman Philippe Dauman Slams Critics (UPDATED)

UPDATED: Viacom was bloodied, bruised, and decidedly the worse for wear on Tuesday as the closing bell rang on trading. The embattled media company saw its shared plunge more than 21%, closing the day at $32.86 after hitting a 52-week low. 275 more words

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