|Bid||34.00 x 300|
|Ask||39.90 x 200|
|Day's Range||38.10 - 39.55|
|52 Week Range||28.20 - 49.00|
|PE Ratio (TTM)||8.40|
|Forward Dividend & Yield||0.80 (2.04%)|
|1y Target Est||N/A|
AT&T (T.N), owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner (TWX.N), their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday. The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the development of online video. Daniel Petrocelli, who represents AT&T and Time Warner, said that his team had been unable to get data requested from third parties, who had said they no longer had some of it.
Rumors of a merger of media giants Viacom and CBS fired up earlier this month with a report in The Wrap that said the companies—which were, once, one company—might get back together, combining their broadcast, cable and movie businesses into a single, more formidable, organization. Both companies’ shares have risen since that report and others, Viacom’s especially. “Shari Redstone, vice chairman of CBS, is pushing for [Les] Moonves, CEO of the broadcaster, to once again consider a merger,” Bloomberg wrote earlier this week.
Rumors are swirling that small media conglomerate Viacom, Inc. (NASDAQ:VIA) might become big media conglomerate Viacom, Inc. again, and it might be the thing that saves VIA stock. Viacom was once a massive American media conglomerate that covered both the present-day Viacom (owner of multiple cable channels alongside the Paramount movie studio) and CBS Corporation (NYSE:CBS) (owner of a broadcast television business and several other digital properties). The only way VIA stock (and to a lesser extent, CBS stock) stay afloat over the next several years is if the two companies re-combine.
Lions Gate Entertainment Corp. shares rose nearly 10% on Thursday after a Deadline report, citing one unnamed source, that the company is in active merger talks with Amazon.com Inc. , Verizon Communications ...
Short interest is low for VIAB with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Shari Redstone is advocating for new blood on the board of CBS Corp. as she renews her push to merge the company with Viacom, according to people familiar with the matter.
Leslie Moonves defied the odds a year ago by resisting the Redstone family’s plan to combine CBS Corp. with Viacom Inc., but now a rising tide of media consolidation is forcing the 68-year-old executive ...
Shari Redstone and Sumner Redstone, her ailing 94-year-old father, together control both CBS and Viacom Inc through their privately owned movie theater company, National Amusements Inc. The Redstones failed in an attempt to merge the two companies in 2016. Shari Redstone, who is vice chair of the CBS board, has had exploratory conversations with CBS Chief Executive Leslie Moonves and directors about recombining the companies, sources have told Reuters.
Shari Redstone and Sumner Redstone, her ailing 94-year-old father, together control both CBS and Viacom Inc (VIAB.O) through their privately owned movie theatre company, National Amusements Inc. The Redstones failed in an attempt to merge the two companies in 2016. Shari Redstone, who is vice chair of the CBS board, has had exploratory conversations with CBS Chief Executive Leslie Moonves and directors about recombining the companies, sources have told Reuters.
Boost Mobile has signed a long-term deal to become the official wireless carrier of Bellator MMA just ahead of the sports property’s launch on Viacom’s new Paramount Network. Financial terms were not disclosed. Bellator is owned by Viacom Inc. (Nasdaq: VIA, VIAB) and has been broadcast on Spike TV since 2013.
Viacom and CBS could merge once again if a major shareholder of both has her way. According to The Wall Street Journal , Redstone has renewed her push to merge the Leslie Moonves-led company with Viacom. Unnamed sources say Redstone reached out to the CBS chief executive "to jump-start talks" this quarter.
Shari Redstone, the president of National Amusements, which owns a controlling interest in Viacom Inc. and CBS Corp. , is pushing for new directors on the CBS board, according to a report in The Wall Street ...
Stocks that moved substantially or traded heavily Tuesday: General Electric Co., down 55 cents to $18.21 The company said it was taking a $6.2 billion charge related to its insurance portfolio. Energizer ...
There has been plenty of optimism about media stocks and tax cuts, but that's only gone so far for Viacom (VIAB), which is falling on Tuesday on news that a merger with CBS (CBS) is far from a done deal, even if insiders are hoping to reunite the two media companies. Rosenblatt's Alan Gould reiterated a Sell rating on Viacom today, writing that even combined, the two companies aren't big enough to create real value for shareholders in the shifting media landscape, and there aren't many synergies to recommend the deal. Elsewhere in media today, B. Riley's Barton Crockett updated his estimates for companies to account for their benefit from lower taxes, and he also upgraded 21st Century Fox (FOXA) to Buy, with a $46 price target, writing that if the Walt Disney (DIS) deal gets done, which he sees as increasingly likely, Fox will have even more benefit than the average media stock. Crockett argues that the upgrade reflects Disney's big benefit from the tax reform, the fact that Fox is still trading at a discount to the takeout offer, and that regulators can probably be appeased by selling assets, which Comcast (CMCSA) might be happy to buy.
Shares of Viacom (VIAB) soared last week, twice topping the S&P 500, first on optimism about media stocks and tax cuts, and then on hopes that it may merge with CBS (CBS). Today Viacom has tumbled more than 4%, after CNBC reported that no bankers have been hired to handle a merger.
The on-again, off-again merger talks between Viacom, Inc. (NASDAQ: VIAB ) and CBS Corporation (NYSE: CBS ) have resumed, according to a report from TheWrap last week. The Analyst Rosenblatt Securities' ...
Shares of Viacom Inc. fell more than 4% in premarket trade on Tuesday. On Friday, The Wrap reported that Shari Redstone, president of National Amusements, which owns controlling interests in Viacom and ...
The latest earnings release Viacom Inc’s (NASDAQ:VIAB) announced in September 2017 signalled that the company benefited from a robust tailwind, leading to a double-digit earnings growth of 30.29%. Below, I’veRead More...
CNBC's David Faber discusses the latest news on Viacom and CBS in the wake of Disney's proposed takeover of Twenty-First Century Fox assets.