How Viacom Decision to Seek Paramount Investor May be Turning Point

By on Feb, 23 2016 with Comments 0

Viacom-logoIt appears Viacom is finally playing ball with its investors.

Due to less than expected earnings, many stakeholders have suggested the company sell some assets or take itself private.

At an investor conference Tuesday, CEO Phillippe Dauman said Viacom plans to sell a small stake in Paramount Pictures and is actively looking for a partner.

Wall Street reacted favorably and the stock soared.

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About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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