Viacom Details Strategic Realignment to Create Efficiencies and Drive Long-Term Growth
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Viacom (VIAB) Price Target Raised to $85 at Deutsche Bank
April 7, 2015 7:56 AM EDTDeutsche Bank maintained a Buy rating on Viacom (NASDAQ: VIAB) and raised its price target to $85.00 (from $83). Yesterday Viacom announced a strategic realignment. The initiatives are expected to provide ongoing annual savings of approximately $350 million. The savings in fiscal 2015 are expected to be approximately... More
Viacom (VIAB) PT Lowered to $77 at Wedbush
April 7, 2015 7:54 AM EDTWedbush analyst James Dix adjusted estimates on Viacom (NASDAQ: VIAB) while trimming his price target to $77.00 (from $83.00) after the company announced details of a strategic realignment, which will result in a $785m restructuring charge in F2Q, annual savings of $350m by FY2016, and... More
Viacom (VIAB) Announces Strategic Realignment; Sees Q2 Pretax Charge of $785M
April 6, 2015 4:07 PM EDTViacom (NASDAQ: VIAB) announced the elements of its strategic realignment, including initiatives designed to promote greater cross-brand collaboration, focus on new growth areas, and improve operational efficiency and financial performance.
Following a company-wide review across its worldwide Media Networks, Filmed Entertainment operations and corporate functions, Viacom is implementing significant strategic and operational improvements, including reorganizing three of its domestic network groups into two new organizations. The new structure realigns sales, marketing, creative and support functions, increases efficiencies in program and product development, enhances opportunities to share expertise, and promotes greater cross-marketing and cross... More
