Viacom


Viacom raises US$1 billion

Viacom is raising US$1 billion (€750 million) in debt. The US-based media giant said it will use the proceeds of its offer to pay down debt, for its share repurchase programme and for general corporate purposes. Analysts at Moody’s said that raising the debt would not impact the company’s credit rating.

Entertainment One stock leaps on sale possibility


Shares in Entertainment One (eOne) jumped 25% yesterday after the media company, which produces and distributes TV programmes and distributes movies, confirmed it was considering its options having received several approaches from unnamed parties. Unconfirmed reports suggested Disney and Viacom were among the interested parties and the rumored asking price was in the region of […]

Drese fits for Viacom

Viacom International Media Networks has recruited Macky Drese as vice-presidnet, international sales at VBSI, the company’s in-house advertising group. Macky joins from MCBX, a “social engagement agency”, where he was managing director.

Viacom’s posts healthy increase in channels revenue

US-based media giant Viacom posted a 10% increase in revenues across its domestic and international channels operation in the first nine months of its financial year. For the three quarters to end-June, the company posted revenues of US$10.9 billion (€7.6 billion), an 8% increase year-on-year. Revenues from the company’s channels division came in at US$6.9 […]

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