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.

The Daily

Subscribe
Tuesday–September 29

Distribution

Cinedigm ’s Bloody Disgusting streaming channel will launch

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up