Pali initiated Viacom with a "Buy" and $50.50 price target; it issues 4Q earnings today. Pali believes Viacom’s value is enhanced by the expanding number of distribution outlets (RBOC’s fiber, mobile phone video, etc). — S&P will keep Time Warner’s "BBB+" long-term corporate and sr debt ratings on CreditWatch following its deal with Carl Icahn. It views TW’s plans to repurchase $20bln of common stock by the end of ’07 as leaving less capacity for acquisitions and unanticipated changes in the economy. — Gemstar’s board approved a 7.3% salary increase for CEO and acting CFO Rich Battista last week, putting his salary at $912,050, according to an SEC filing.

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CableLabs Explores a New Connectivity Era That Is About More Than Just Speed

Internet speed records are all the rage these days, with two separate breakthroughs making the headlines recently. One is more in the distant future, but the other hits closer to home.

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