C-COR.net [CCBL] will acquire all of MAN packet-based transport solutions provider Lantern Comm for a cash payment of $20mln. — Tellabs will shell out $1.9bln in cash and stock to acquire Advanced Fibre Communications. AFC chmn & CEO John Schofield will join Tellabs as COO when the deal closes later this year. Verizon, which launched its aggressive FTTP initiative yesterday, tapped AFC as one of its primary vendors. — Viacom [VIA] declared a regular quarterly cash dividend of 6 cents/share on its Class A and B Common Stock, payable July 1.

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Friday–July 26

Nexstar Opens Share Repurchase Program

Nexstar ’s board approved a new share repurchase program to allow the company to repurchase up to $1.5 billion of common stock. The

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