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Beatles not putting Viacom's Rock Band in the black by Company Town

It may be a long and winding road to profitability for The Beatles: Rock Band.On a conference call with analysts today, Viacom executives said that their Rock Band video game franchise, whose only new product last quarter was the Beatles...
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Viacom surprises Wall Street with higher earnings by Company Town

Viacom Inc.'s cost-cutting measures, along with stronger results from its Paramount Pictures film unit, paid off in the third quarter as the media company posted a 15% jump in profit despite lower advertising and home video sales. For the quarter...
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Teenage Mutant Ninja Turtles coming to play with SpongeBob and Dora at Nickelodeon by Company Town

Move over SpongeBob SquarePants, some mutant ninja turtles are headed your way. Viacom Inc.'s kids cable network Nickelodeon has struck a $60-million deal with The Mirage Group and 4Kids Entertainment to acquire the rights to "Teenage Mutant...
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Cure for the Redstone overhang: Sell Viacom and CBS stock! by Company Town

Usually when the chairman of a company dumps nearly $1 billion in stock, share prices tumble off a cliff. But apparently not when it's Sumner Redstone. Wall Street has dubbed the phenomenon the "Redstone Overhang." For the past year, investors...

It is always sunny in Philadelphia as reruns of FX comedy go for big bucks by Company Town

It just got a little sunnier in Philadelphia. No, we're not talking about the Phillies being on the verge of making the World Series for the second year in a row. News Corp.'s Twentieth Television has just sold reruns of...

The Beatles: Rock Band debuts to solid but not stellar sales by Company Town

Apparently, love isn't all you need. The Beatles: Rock Band, Viacom Inc.'s highly anticipated and pricey video game based on the music of the biggest-selling rock band of all time, drew a healthy but hardly standing-room-only crowd. In September...
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Sumner Redstone to unload 35 theaters including L.A.'s Bridge to help pay down debt by Company Town

In addition to selling close to $1 billion in stock in CBS Corp. and Viacom Inc. to help pay down his family-held company's excruciating debt, Sumner Redstone will unload 35 of National Amusement Inc.'s 79 U.S. theaters, including its only...
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Media mogul Sumner Redstone to sell nearly $1 billion in stock, maintains empire by Company Town

Sumner Redstone's family-controlled firm, National Amusements Inc., this morning said it was selling nearly $1 billion in stock in CBS Corp. and Viacom Inc. to help retire the enormous debt that once threatened to upend the 86-year-old mogul's...
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Exit laughing: Lauren Corrao leaves Comedy Central by Company Town

Lauren Corrao, the longtime Comedy Central head of programming and development more recently responsible for ushering in "The Sarah Silverman Program," is leaving the cable channel. In a memo sent to staffers Monday, MTV Networks Entertainment...
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Has it been 10 years already? A look back at the Viacom-CBS vows and a case for renewal by Company Town

It was 10 years ago yesterday that Sumner Redstone and Mel Karmazin walked down the aisle together at the tony St. Regis Hotel in Midtown Manhattan and unveiled the $36-billion marriage of their respective companies, Viacom and CBS. "Our union.....
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Viacom hoping the Beatles will change its money-losing ways in video games by Company Town

After spending over $325 million, Viacom is ready to start making money on video games. That's exactly what the conglomerate will start doing, executives say, with this fall's The Beatles: Rock Band, a pricey and high profile new addition to....
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VH1 wants less love, more redemption by Company Town

Can you have too much love? That's what VH1 is starting to wonder. The Viacom-owned cable network, whose top five shows this year all have the word "love" in the title, is reassessing its heavy reliance on dating and relationship...
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Viacom takes hit in second quarter as profit falls 32% by Company Town

Viacom Inc.'s second-quarter profit fell 32% as a tough economy battered its cable networks around the globe and video-game sales for Rock Band dropped. For the quarter ending June 30, Viacom posted earnings of $277 million, or 46 cents a...
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