U.S. Markets open in 5 hrs 21 mins

Viacom plans to return to normalized buy back pace, sees FY14 growth

Viacom plans to return to normalized buyback pace and on pace to purchase $850M in stock in current quarter. The company continues to see growth in high single digit to low double digit range for FY14. Quarterly affiliate revenue is expected to fluctuate, given the timing of some digital agreements. Expects the growth rate for Media Networks programming expense to be in high single digits. Sees FY14 tax rate of 34.5%. The company is in developing of a number of sequels, including Mission Impossible, Star Trek, GI Joe, and World War Z. Comments taken from Q4 earnings conference call.