MGM Holdings has yet to cite a reason for terminating its CEO five year contract. MGM Holdings Inc stated, it has begun a search for a new CEO and will replace its current Chief Executive Gary Barber. The move comes… Read More ›
Viacom
Viacom’s Paramount Pictures scraps Chinese funding deal
While the funding enabled China to projects its ideology onto viewers worldwide, Beijing’s scrutiny on foreign bound investment which it terms as “irrational overseas spending” curtailed the deal. On Wednesday, in a development that is an outcome of heightened scrutiny… Read More ›
Viacom bids $10.6 billion for Scripps Networks Interactive
While the all-cash deal could potentially downgrade Viacom’s investment grade rating, which is already at the lowest level, it can also act as a cost saving measure and give it more headroom during negotiations with cable and satellite providers. According… Read More ›
Discovery Communications & Scripps Networks Interactive in merger talks: Sources
Under pressure to divest, Scripps has held talks with Viacom. This is the third time it is holding merger talks with Discovery Communications. If the deal were to go through it would create a $19 billion cable network company. … Read More ›
Viacom’s shares have the potential to rise by 40% by next year: Barron’s
Currently the Viacom’s shares are trading at $43 per share, down by 39% over the last two years. Barron’s has predicted that Viacom’s shares could appreciate by as much as 40% by next year with its new CEO, Bob Bakish,… Read More ›
Viacom tweaks bond language eyeing taw law reforms on the horizon
Attractive terms for Viacom’s hybrid bonds have helped rope in a slew of investors. The opportunity cost of not investing in them is too high for investors; they have all piled into Viacom’s bond offering. Although investors lapped up US… Read More ›
Viacom’s Paramount Pictures signs a $1 billion deal with Huahua Media and Shanghai Film Group
Through these partnerships, Chinese companies are getting two birds with one stone: while on one hand they are quickly learning the tricks of the trade of great film making, these investments also make business sense in terms of return on… Read More ›
National Amusements is likely to focus on increased partnership between Viacom and CBS
With National Amusement abandoning the merger of Viacom with CBS, increased partnering between both seems to be the next logical step. Its $12 billion debt profile could discourage it to aggressively pursue companies. In an industry where scale matters, National… Read More ›
Shari Redstone pulls the rug out of CBS-Viacom merger
If both companies were to merge, the number of boardrooms she is sitting on will also diminish. Shari Redstone, the daughter of media mogul, Sumner Redstone has withdrawn her support for the merger of Viacom and CBS Corp. She wants… Read More ›
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