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Viacom (VIAB) Interim CEO Dooley to Depart; Q4 EPS Guidance Cut; Will End Paramount Stake Sale

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Viacom Declares Quarterly Cash Dividend

September 21, 2016 9:16 AM EDT

NEW YORK--(BUSINESS WIRE)-- Viacom Inc. (NASDAQ:VIAB and VIA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on both its Class A and Class B common stock. The dividend will be payable on October 3, 2016 to stockholders of record at the close... More

Viacom Board Acts to Position the Company for Future Growth

September 21, 2016 9:15 AM EDT

NEW YORK--(BUSINESS WIRE)-- Following a comprehensive review of Viacoms (NASDAQ:VIAB, VIA) capital structure and operating budget, the Viacom Board today announced measures to improve the Company's financial flexibility and position it for future growth. Specifically, the Company is reducing its dividend payout to preserve capital and will proceed to access debt capital markets in the near term to improve liquidity. These actions are designed to balance the Companys focus on a strong balance sheet and its strategy to invest in world class content and pursue opportunities to grow its core businesses.

The Company also... More

From Director Justin Lin and Producer J.J. Abrams Comes One of the Best-Reviewed Action Movies of the Year, Star Trek Beyond

September 20, 2016 4:01 PM EDT

The All-New Star Trek Adventure Takes Off on 4K Ultra HD, Blu-ray and Blu-ray 3D Combo Packs November 1, 2016 and on Digital HD October 4, 2016

HOLLYWOOD, Calif.--(BUSINESS WIRE)-- The intrepid crew of the USS Enterprise returns in the best action movie of the year (Scott Mantz, Access Hollywood). The highly entertaining (David Rooney, Hollywood Reporter) new installment in the iconic franchise, STAR TREK BEYOND sets a course on 4K Ultra HD, Blu-ray 3D and Blu-ray Combo Packs, DVD and On Demand November 1, 2016 from... More