31.83 0.00 (0.00%)
After hours: 4:34PM EDT
|Bid||31.83 x 800|
|Ask||32.00 x 42300|
|Day's Range||31.00 - 31.97|
|52 Week Range||22.13 - 35.55|
|PE Ratio (TTM)||6.41|
|Earnings Date||May 2, 2018 - May 7, 2018|
|Forward Dividend & Yield||0.80 (2.68%)|
|1y Target Est||34.57|
The bullish case for Viacom is viable now, as the company's investments in technology to collect quality consumer data that will drive a higher share of premium-priced ads, Nollen said in the upgrade note. Viacom's future success is predicated on a stabilization of subscribers — which isn't guaranteed — but management is making the right moves to create better carriage terms with its affiliates, Nollen said. Any prior merger talks with CBS Corporation (NYSE: CBS) are "evidently off the table as a forced acquirer," the analyst said.
EL SEGUNDO, Calif., Sept. 19, 2018 /PRNewswire/ -- Cowabunga - the heroes in a half shell have returned with a whole new look! Playmates Toys announced today that its Rise of the Teenage Mutant Ninja Turtles toy line will be available at major retailers starting October 1. As the longtime master toy licensee for Teenage Mutant Ninja Turtles, Playmates Toys developed this all-new product line based on Nickelodeon's brand-new animated series, Rise of the Teenage Mutant Ninja Turtles, which premiered on September 17, 2018.
Join Everyone's Favorite Pups as They Embark on Two Adventures, PAW Patrol Live! "Race to the Rescue" and PAW Patrol Live! "The Great Pirate Adventure" MINNEAPOLIS , Sept. 18, 2018 ...
Facebook (FB) has inked an agreement with the BBC (British Broadcasting Company) to air a weekly news show for its US-based Watch audience. Facebook Watch, or simply Watch, is Facebook’s online video service akin to Google’s (GOOGL) YouTube. Watch launched in the United States a year ago, and it began rolling out globally in August.
Analysts at MoffettNathanson raised their stock price target for CBS Corp. to $65 from $58, saying the recent settlement between the company and controlling shareholder National Amusements Inc. would bring ‘clear structural benefits for CBS shareholders.’
Blue’s Clues & You to Be Hosted by TV Newcomer Joshua Dela Cruz…and Steve Gives a Big Thumbs Up! Nickelodeon’s Blue’s Clues has found a new pal for Blue in TV newcomer and Broadway actor Joshua Dela Cruz, and a brand-new title: Blue’s Clues & You. Dela Cruz will have a new generation of preschoolers searching for clues with the beloved energetic girl puppy Blue.
On Sept. 9, CBS Chairman Les Moonves resigned, following accusations by 12 women of harassment and assault. Unlike television hosts Matt Lauer or Charlie Rose, he kept his job for several weeks after The New Yorker published the first of two articles on his alleged transgressions, which contained accounts from six accusers. Lauer and Rose were fired within days.
Shares of entertainment behemoth Viacom Inc. ( VIAB), which has discussed merging with sister company CBS Corp. ( CBS), has the potential to rise 20% whether or not it merges with the giant TV network, according to a detailed story in Barron's. With Viacom's new Chief Executive Officer (CEO) Robert Bakish at the helm, the company is doubling down on optimizing the use of its TV assets in the next generation of streaming, while securing a turnaround from a years-long string of film failures, and earning a higher value for Viacom’s beaten down shares.
Viacom (NASDAQ:VIA,VIAB) unquestionably is cheap. The B shares of Viacom stock trade at barely seven times 2018 consensus EPS estimates. VIAB stock also has an attractive 2.76% dividend yield.
Viacom's Bob Bakish says "scale is valuable," but repeatedly deflects questions about the potential for a CBS deal. Following Les Moonves' exit at CBS, some analysts suspect a merger of Viacom and CBS could be more likely. Viacom VIAB CEO Bob Bakish said Wednesday on CNBC that he does think "scale is valuable," but he repeatedly deflected questions about whether a CBS CBS merger is anymore likely since Leslie Moonves was ousted at the network.
The BET “Hip Hop Awards” 2018 Will Premiere on Tuesday, October 16, 2018 at 8PM ET/PT on BET Networks
Mario Gabelli, the biggest independent holder of voting stock in CBS Corp. and Viacom Inc., said that while the two companies could still merge, they may need partners to compete against larger, more-global bigger rivals. Both companies need to develop a worldwide direct-to-consumer strategy, Gabelli, the chairman and chief executive officer of Gamco Investors Inc., said in an interview. CBS may need a new leader with the programming prowess of CEO Les Moonves, who was ousted over allegations of sexual harassment.
National Amusements agreed not to propse a merger between CBS and Viacom “for at least two years,” but that doesn’t preclude the new board from doing so.
The removal of Les Moonves as CEO of CBS (NYSE:CBS) over sexual harassment is a big story today. But Moonves’ failures as CEO weren’t all sexual, and that should be a bigger story.
Moody's Investors Service believes that CBS Corporation's (Baa2, stable) separation and settlement agreement with its Chairman and CEO, Les Moonves is credit negative for the company. With new additional misconduct allegations against him, Moonves has resigned effective immediately and his very large contractual severance is on hold pending the active investigations into the allegations.
CBS Corporation (NYSE: CBS ) CEO Les Moonves' departure could be followed by long period of limited upside, according to UBS. The Analyst UBS analyst John Hodulik downgraded CBS from Buy to Neutral and ...
Les Moonves’ resignation as CEO of CBS (NYSE:CBS) shouldn’t have come as a surprise to most investors. In the short-term, the news should hurt CBS stock. Long-term, it’s hard to know where CBS stock is headed.
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. Over the last month, ETFs holding VIAB are favorable, with net inflows of $19.41 billion.
The resignation of longtime CBS chief Les Moonves won't likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and Amazon. Moonves was ousted Sunday, just hours after the New Yorker detailed more sexual misconduct allegations against him. Moonves has denied wrongdoing.
After watching her father buy and sell more than a half-dozen companies over several decades, Shari Redstone has seized the opportunity to forge her own reputation as a media baron. Redstone neutralized the threat to her family’s control over CBS Corp. this past weekend by settling a legal fight with the broadcaster’s board. At the same time, the ouster of longtime Chief Executive Officer Les Moonves -- who resigned over accusations of sexual harassment by a dozen women, including allegations of assault -- eliminated a key foe and gives Redstone a chance to pick a new leader.