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


C-band Auction Concludes

The C-band auction officially came to a close Friday after 97 rounds of bidding that grossed just under $81bln, cementing its place as the highest-grossing spectrum auction held in the US. FCC chairman Ajit

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