Viacom News

Apple's iTunes Pitch: TV for $30 a Month Would you pay $30 a month to watch TV via iTunes? That's the pitch Apple has been making to TV networks in recent weeks.

Walt Disney Co.a s planned theme park in Shanghai will do little to help open Chinaa s media industry to overseas companies as the communist government restricts films, television and the Internet, analysts said.

Viacom Inc. filed Quarterly Report for the period ended 2009-09-30. Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks BET Networks Paramount Pictures Paramount Home Entertainment and DreamWorks.

Domestic ad revenue fell 4% at Viacom in the third quarter 2009, that figure is a 2% improvement on the 6% ad revenue decline in the second quarter.

Zee group chairman Subhash Chandra Tuesday said he will retire from business in a couple of years and let Generation Next take over and possibly expand his family's media empire and other enterprises.

Time Warner Inc. third-quarter earnings fell 38% on particular weakness in publishing.

Viacom Inc. Tuesday declared encouraging results for the third quarter. Quarterly net income from continuing operation was $443 million or 73 cents per share, compared to $385 million or 62 cents per share in the prior-year quarter.

Viacom Inc. rolled the dice this past quarter and came up a winner. Filmed entertainment, invariably a crapshoot in the media industry, had a robust run, keying a 15% gain in third-quarter net earnings.

Media conglomerate Time Warner Inc. reported a 38 percent drop in third-quarter profit Wednesday after being hurt by declines at its AOL and publishing segments.Even so, the results beat expectations, helped by cost cutting.

MTV and Harmonix parent company Viacom has said that the economics of its Rock Band franchise "are improving, though not as quickly as we'd like". Speaking in a financial results call, CFO Tom Dooley said that the franchise made a negative contribution to margins in the third quarter.

Warren Buffett's Berkshire Hathaway Inc. is sending a plan to split the iconic company's Class B shares to a shareholder vote as part of its plan to buy the Burlington Northern Santa Fe Corp.

CBS Corp., the broadcast network controlled by Sumner Redstone, reports its third-quarter earnings Thursday.

Wanna talk scary? Never mind being haunted by a demonic force that will corner you wherever you are.

Nov. 3 -- Jason Helfstein, a media analyst at Oppenheimer & Co., talks with Bloomberg's Erik Schatzker, Jon Erlichman and Deirdre Bolton about Viacom Inc.'s third-quarter profit reported today.

Viacom Inc. posted a 15 percent jump in third-quarter profit Tuesday as a stronger film slate from its Paramount Pictures movie studio helped offset continuing declines in advertising and DVD sales.

Stocks were lower Tuesday even after billionaire investor Warren Buffett agreed to buy Burlington Northern Santa Fe railroad and Viacom posted strong earnings growth for the third quarter.

Viacom Inc., the media conglomerate controlled by Sumner Redstone, reports third-quarter earnings before the market opens on Tuesday.

Last weeka s No. 1 film, a oeParanormal Activitya from Viacom Inc. a s Paramount Pictures, fell to second place with $16.5 million, researcher Hollywood.com Box-Office said today in an e- mailed statement.

Sumner Redstone will own less of Viacom Inc. , but his influence on the media giant will continue.

When it comes to the media business, the script reads that advertising will soon bounce back, a rush of deal making is around the corner and a smart investor should scoop up cheap stocks straight away.