S&P revised Viacom’s outlook to negative following chmn/CEO Sumner Redstone’s remarks Tues that a lower debt rating might help the company pursue growth and boost shareholder returns. – CSFB initiated coverage for Comcast with an "outperform" rating. – The broker cut EchoStar to "neutral" from "outperform," and trimmed its price target to $33 from $36. CSFB expects increased competition from DirecTV. During a presentation Mon, Chase Carey identified rural areas and Hispanic communities-traditionally EchoStar strongholds-as 2 markets in which it will step up efforts.

The Daily


Editor’s Note

Your next issue of Cablefax Daily will arrive Monday in observance of the Juneteenth celebration. We hope you’ll join us in taking time to learn and grow this holiday weekend.

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