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Viacom lowers 2008, 3Q earnings outlook

iht.com
Oct 10, 2008
        
Story Timeline:  89 days

Viacom Inc. is trimming its third-quarter and 2008 outlook, blaming slowing advertising revenue and the souring global economy for the decline. The media company said Friday that it expects to report adjusted earnings per share of 53 cents to 55 cents when it reports third-quarter results early next month. For the full year, the company says earnings per... [read full story]                    

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National Amusements completes sale of Viacom, CBS stock (at bizjournals.com)

 yahoo.com Oct 13, 2008
First article on this story:

Viacom lowers 2008, 3Q earnings outlook

 tmcnet.com Oct 10, 2008
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National Amusements completes sale of Viacom, CBS stock (at bizjournals.com)

yahoo.com
Oct 13, 2008
        

Los Angeles Business from bizjournals has completed the sale of $233 million in non-voting stock in both Viacom Inc. and CBS Corp. The sales consisted of 7 million shares of Viacom stock and 17 million shares of CBS stock. No...

marketwatch.com: Chart of CBS marketwatch.com

Analysts take mixed view of CBS after warning

marketwatch.com
Oct 13, 2008
        

On the heels of a company warning that third-quarter earnings would come up short of analysts’ expectations, a pair of brokerage firms took differing views of CBS, one declaring a downgrade and the other issuing an upgrade.

                   

Crisis Hammers Media Stocks, Viacom, CBS Cuts Outlook

istockanalyst.com
Oct 13, 2008
        

In past few sessions, media stocks have suffered deep sell-off on concerns a full blown recession will lead to a sharp decline in the ad revenues. Already, financials, auto and retail- three sectors that account for maximum ad...

                   

Loss of Ad Dollars Leads CBS, Viacom to Lower Guidance (at Seeking Alpha)

yahoo.com
Oct 12, 2008
        

by: Seth Gilbert October 12, 2008 | about stocks: When conditions are stable and sentiment calm, it’s relatively simple to look backward on recent performance to make educated guesses on near term trends. “Viacom is...

                   
kimatv.com: Media stocks fall and Viacom, CBS warn profit down kimatv.com

Media stocks fall and Viacom, CBS warn profit down

kimatv.com
Oct 11, 2008
        

Story Published: Oct 11, 2008 at 11:05 AM PDT LOS ANGELES (AP) - Entertainment media stocks dropped Friday as Viacom Inc. and CBS Corp. slashed profit forecasts, and Sumner Redstone's theater chain announced it would sell...

                   
kpic.com: Media stocks fall and Viacom, CBS warn profit down kpic.com

Media stocks fall and Viacom, CBS warn profit down

kpic.com
Oct 11, 2008
        

Story Published: Oct 11, 2008 at 11:05 AM PDT LOS ANGELES (AP) - Entertainment media stocks dropped Friday as Viacom Inc. and CBS Corp. slashed profit forecasts, and Sumner Redstone's theater chain announced it would sell...

Economic Meltdown Strikes Viacom, CBS Corp.; Both Warn Investors On Lowered Outlook...

yahoo.com
Oct 11, 2008
        

Friday October 10, 3:59 pm ET By David Kaplan It looks to be a brutal Q3 reporting season: Both Viacom (NYSE: ) Corp have cut their respective outlooks, warning investors that they have been taking a hit on the ad slowdown and...

                   

WRAPUP 1-Viacom, CBS warn ad market sinking results

finanznachrichten.de
Oct 11, 2008
        

NEW YORK, Oct 10 (Reuters) - Viacom Inc and CBS Corp warned that quickly deteriorating advertising sales would slash their profits, signaling that the financial crisis is hitting the media industry harder than previously...

                   

Outlook roundup: CBS, Viacom (AP)

yahoo.com
Oct 10, 2008
        

Friday October 10, 7:17 pm ET Outlook roundup: CBS, Viacom cut forecasts as ad revenue declines, global economy deteriorates Among the earnings projection stories for Friday, Oct. 10, from AP Financial News: NEW YORK (AP) --...

                   

Outlook roundup: CBS, Viacom

ibtimes.com
Oct 10, 2008
        

Among the earnings projection stories for Friday, Oct. 10, from AP Financial News: NEW YORK (AP)--Media giant CBS Corp. slashed its operating profit forecast for fiscal 2008, citing the economy's deterioration and its declining...

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