{"id":8878,"date":"2013-04-09T03:12:18","date_gmt":"2013-04-09T07:12:18","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=8878"},"modified":"2013-04-14T13:14:23","modified_gmt":"2013-04-14T17:14:23","slug":"viacom-inc-2","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/04\/09\/viacom-inc-2\/","title":{"rendered":"Viacom Inc."},"content":{"rendered":"

\"Viacom<\/a>

[1]<\/p><\/div>by Nicole Mezaros<\/p>\n

Viacom Inc<\/a>.<\/strong>
\n1515 Broadway
\nNew York, New York 10036
\n(212) 258-6000
\nwww.viacom.com
\n@Viacom<\/p>\n

\"viacom

Sumner M. Redstone, Philippe Dauman, Thomas E. Dooley, Robert Bakish, and Brad Grey [2],[3],[4],[5],[6]<\/p><\/div>\n

Top Executives<\/strong><\/p>\n

Sumner M. Redstone: Founder and Chairman of the Board of Directors since 2006. He also serves as the Executive Chairman of CBS [7].<\/p>\n

Philippe Dauman: President and CEO since 2006 [8].<\/p>\n

Thomas E. Dooley: Chief Operating Officer since 2010. He previously served as the CFO [8].<\/p>\n

Robert Bakish: President and CEO of International Media Networks since 2011. He oversees all media networks outside of the United States [8].<\/p>\n

Brad Grey: CEO of Paramount Pictures since 2005. Grey oversees the entire branch of Paramount Pictures [8].<\/p>\n

A Brief History<\/strong><\/p>\n

In 1971, Viacom was formed by breaking off from CBS<\/a>; it then merged with Warner Communications in 1983 [9]. It bought MTV in 1986, and then merged with Paramount Communications in a nearly $10 billion agreement [9]. The VIA stock became available to be bought and sold in the NYSE in 1999 [9]. CBS, the company it came from, and Viacom merged in a nearly $40 billion merger in 2000 [9]. In the next few years, it purchased BET, Noggin, Comedy Central, TNN, and more [9]. CBS and Viacom then split again in 2006 [25]. Also in 2006, Paramount acquired Dreamworks LLC, and MTV then partnered with Warner Music group [9]. Most recently, in 2011, Viacom International Media Networks was created [9].<\/p>\n

General Overview<\/strong><\/p>\n

Viacom has many diverse assets, and therefore produces a lot of varied programming in different markets. It owns 205 television channels, spanning over 169 territories and in nearly 40 different languages [10]. It also owns Paramount Pictures<\/a>, a big player in the film industry, and has released films of all types, such as The Adventures of Tintin<\/em> and Paranormal Activity,<\/em> that reach varied demographics.<\/p>\n

\"Viacom's<\/a>

Viacom’s TV Assets [11]<\/p><\/div>\n

In the cable television market, Viacom has many different assets. These networks are very different and, again, reach many different audiences. Some of their major assets include MTV<\/a> and Nickelodeon<\/a>, which reach a younger audience, Comedy Central<\/a>, Spike<\/a>, and BET<\/a>, which reach an adult audience, and TV Land<\/a>, which reaches an older audience. Each network plays very different programming. VH1<\/a> and MTV play both shows about popular music and reality shows, with series such as Buckwild\u00a0<\/em>on MTV and\u00a0Top 20 Video Countdown<\/em> on VH1.\u00a0Comedies of all different types are played on Comedy Central, such as The Colbert Report<\/em>, and TV Land offers a lot of reruns of old shows and some original programming. Networks such as CMT<\/a> (Country Music Television) and BET (Black Entertainment Television) also reach very specific demographics. Nickelodeon is the #1 cable network for seventeen years, showing the success of their networks [12].<\/p>\n

\"Spongebob<\/a>

Spongebob Squarepants, airing on Nickelodeon. [13]<\/p><\/div>Viacom has a lot of competitors, some of which include NBCUniversal<\/a>, Time Warner<\/a>, and Walt Disney<\/a> [14]. Still, it is a leader in the cable television market .<\/p>\n

Financials<\/strong><\/p>\n

During the first quarter of 2013, Viacom had a revenue of $3.314 billion, which includes $2.394 billion from media networks and $975 million from films [15]. This number is down 16% from last year’s first quarter [15]. However, media networks hardly decreased, down only 2%; this decrease is mainly due to filmed entertainment, which is down nearly 40% [15]. MTV is the network with the highest revenue, at around $548 million, with Nickelodeon following at around $357 million [10].\u00a0
\n<\/a><\/p>\n

\"Viacom<\/a>

Viacom Inc. Stock 1 Year Chart [16]<\/p><\/div>The Viacom stock, sold as VIAB on NASDAQ, is currently priced at $65.49, hitting a high [16]. This is nearly $20 higher than CBS, around $7 higher than the Walt Disney Company, and nearly $25 higher than Comcast, all of which are Viacom’s competitors [17]. The VIAB stock increased greatly this year, raising from $46.75 a year ago to $65.49 today [16]. Viacom also sells class A stock, VIA, at $66; with this, stockholders have voting rights.<\/p>\n

Recent News<\/strong><\/p>\n

Viacom has been in the news recently due to two major cases. First of all, Cablevision<\/a>, a big cable TV service provider, is suing Viacom for bundling its channels and charging more for single channels [18]. This has, however, been its practice for a very long time. Also, last year, the case starting in 2007, in which Viacom sued Youtube<\/a>, the popular website where users can upload their own videos, saying that some of its content infringed on Viacom”s\u00a0copyright, was revived [19]. This case is still going on today.<\/p>\n

Viacom also, however, has had a lot of positive things going on recently. VH1’s ratings in adult viewership raised 33% in 2012 [20].\u00a0It also has a lot of new shows airing this season, including Best Week Ever<\/em> and The Jenny McCarthy Show,\u00a0<\/em>and new episodes of older shows, such as the very successful\u00a0Mob Wives<\/em>.<\/p>\n

NEW SHOWS + NEW LOOK + @VH1 #plussed (:30)<\/a><\/h1>\n

Also, the 26th Annual Kids’ Choice Awards<\/em>, airing on March 23rd, drew an audience of nearly 6 million viewers with just the premiere, boosting Nickelodeon’s ratings greatly [21]. The 2013 MTV Movie Awards are set to air April 13th, which should also boost MTV’s ratings.<\/p>\n

2013 Movie Awards: VOTE NOW FOR MOVIE OF THE YEAR!<\/a><\/h1>\n

Digitally, Viacom is working on a lot of new technology in order to better the viewer experience. The new Star Trek into Darkness<\/em> app allowed app users to get tickets to an early showing of the film [22]. Also, Spike TV, a cable channel, has created a new app for using while viewing Bellator MMA<\/em>, a mixed martial arts fighting tournament. The app allows veiwers to interact with the show in a way not used with other second screen apps, using results from judging on the app in the live show [23].<\/p>\n

\"Bellator<\/a>

Bellator MMA App by Spike TV [24]<\/p><\/div>\n

1. Viacom Logo, from Viacom, Inc.<\/a><\/p>\n

2. Sumner M. Redstone<\/a><\/p>\n

3. Philippe Dauman<\/a><\/p>\n

4. Thomas E. Dooley<\/a><\/p>\n

5. Robert Bakish<\/a><\/p>\n

6. Brad Grey<\/a><\/p>\n

7.\u00a0Board of Directors<\/a><\/p>\n

8.\u00a0Senior Management<\/a><\/p>\n

9. Viacom: History<\/a><\/p>\n

10.\u00a01st Quarter ’13 Pulse Investor Newsletter<\/a><\/p>\n

11.\u00a0Viacom’s TV Assets<\/a><\/p>\n

12. Nickelodeon<\/a><\/p>\n

13.\u00a0\u00a0Nickelodeon Wins First Quarter of 2013<\/a><\/p>\n

14.\u00a0Viacom Inc. Competitors<\/a><\/p>\n

15.\u00a01st Quarter ’13 Earnings Press Release<\/a><\/p>\n

16.\u00a0Viacom Inc. Interactive Stock Chart<\/a><\/p>\n

17.\u00a0Yahoo Finance<\/a><\/p>\n

18.\u00a0Cablevision Sues Viacom in Battle Over Bundling of Channels<\/a><\/p>\n

19.\u00a0Judge revives Viacom copyright suit against YouTube<\/a><\/p>\n

20. Viacom Primetime Ratings Soar 33%<\/a><\/p>\n

21. Nickelodeon Marks Winning Week with 26th Annual Kids’ Choice Awards<\/a><\/p>\n

22.\u00a0“STAR TREK INTO DARKNESS” First of Its Kind App<\/a><\/p>\n

23.\u00a0Spike TV Launches Groundbreaking Co-Viewing App For Bellator MMA<\/a><\/p>\n

24. Bellator MMA by Spike TV<\/a><\/p>\n

25. CBS, Viacom Formally Split<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

by Nicole Mezaros Viacom Inc. 1515 Broadway New York, New York 10036 (212) 258-6000 www.viacom.com @Viacom Top Executives Sumner M. Redstone: Founder and Chairman of the Board of Directors since 2006. He also serves as the Executive Chairman of CBS … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":249,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[870,11,6],"tags":[1441,1211,134,1442,1437,974,398,54,1440,1443,1439,98,1447,4586,1444,1448,1438,1446,1445,141],"_links":{"self":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/8878"}],"collection":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/users\/249"}],"replies":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/comments?post=8878"}],"version-history":[{"count":47,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/8878\/revisions"}],"predecessor-version":[{"id":15238,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/8878\/revisions\/15238"}],"wp:attachment":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/media?parent=8878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/categories?post=8878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/tags?post=8878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}