Revenue growth of 8.1% across Viacom’s media nets is expected when the conglomerate reports 2Q results early next month, according to UBS, but problems still linger. "We believe that several of Viacom’s cable nets, including Nick-at-Nite, MTV and BET continued to work through ratings challenges during the second quarter," said the firm. "This business [media nets] is highly-leveraged to advertising, which we expect to see continued slowing growth in the coming years."— Trion World Network, a publisher and developer of games and entertainment that connect online, gaming, and traditional media, raised $30mln of funding from investors including Time Warner and GE/NBCU’s Peacock Equity Fund. — Verizon Business completed its acquisition of Cybertrust, and is now offering an integrated portfolio of security offerings under the "Verizon Business Security Solutions powered by Cybertrust" brand.

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Cable Rate Proceeding Pales Next to Broadcast Ownership

With an incoming FCC commissioner and a just-opened docket on relaxing broadcast media ownership rules, there is plenty to watch out for at the agency. But first up is Thursday’s open meeting.

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