Viacom CEO Philippe Dauman’s battle with Chairman Emeritus Sumner Redstone could hurt the company’s ability to borrow: Standard & Poor’s Global Ratings today lowered its assessment of Viacom’s management and governance to “fair” from “satisfactory.” It reaffirmed the BBB- rating for the company’s debt but said that if the drama continues, it “could lead to a reassessment” of Viacom’s creditworthiness. Dauman’s suing to have Redstone, who turned 93 today, declared…

BING NEWS:
  • Viacom: 3 Reasons the Stock Could Keep Rising
    But Viacom and CBS Corporation are both controlled by Sumner Redstone through National Amusements. Thus, the chances for a merger with CBS are much higher before deals with bigger players take place.
    03/26/2019 - 7:36 am | View Link
  • Viacom Reportedly Rejects CBS's Offer, A New Twist In Their Merger Saga
    that is setting the stage for difficult negotiations to reunite Sumner Redstone’s media empire. According to The Wall Street Journal, the offer was presented to Viacom’s board by a special ...
    04/4/2018 - 5:52 am | View Link
  • Mario Gabelli Compares Viacom (VIAB) Dispute to 'Game of Thrones'
    Sumner Redstone, the CEO of National Amusements, which owns 80% of voting shares of Viacom and CBS (CBS), fired his entire Viacom board back in June. Those dismissed included then-CEO Philippe Dauman.
    06/28/2016 - 3:03 am | View Link
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