Time Warner Cable reaches an agreement with Viacom
Time Warner Cable and Viacom have announced that they have reached an agreement to enable Time Warner to continue beam MTV, Nickelodeon and Comedy Central channels on their network.
The two media companies did not provide the terms of their deal which is basically an in-principle distribution agreement.
Viacom had [...]
Viacom to cut 850 positions in the company
US based media company Viacom has announced that they are going to cut its workforce by about 7 percent.
This showcases how the advertising is depleting for these media companies resulting in cash crunch.
The media giant added that they are also planning to suspend salary increases [...]
Frank Biondi Jr. and John Chapple now on Yahoo Board
Internet media giant Yahoo has announced two new board members.
The company has selected Frank Biondi Jr. and John Chapple to join their existing board.
Frank Biondi Jr. is the former CEO of Viacom while John Chapple is the former CEO of Nextel Partners.
Yahoo picked up these [...]
Viacom posts improved profits
Viacom has come out with their revenue report and the company has posted a 16 per cent gain in fourth-quarter earnings.
Viacom benefited from improved sales of their DVDs as they released Shrek the Third and Transformers.
They also gained from improved revenues from its cable television division.
The company posted earnings of $559.5 million. [...]
Viacom Inc. post 80 percent jump in third-quarter profits
Viacom Inc. has come out with their latest revenue report and the company has posted an 80 percent jump in third-quarter earnings.
The company owns well known brands including MTV, Comedy Central and Paramount Pictures and they gained from impressive earnings from the movie “Transformers” and the sale [...]
Viacom open to working with Google in the future
Viacom is involved in a lawsuit against Google. They are claiming USD 1 billion from the search engine giant for copyright violation on their YouTube video sharing service.
However, Viacom Inc Chief Executive Philippe Dauman has now said in a statement that they are open to working with [...]
