Viacom’s [VIA] 14% 2Q earnings growth was largely attributable to the strength of its cable nets. Cable net revenue rose 18% to $1.58bln during the Q, while operating income grew 23% to $608mln. Broadcast also performed well for Viacom, with revenue growing 11% and operating income rise 35%. The company intends to aggressively repurchase shares once its spinoff of Blockbuster is complete. — Viacom chmn/CEO Sumner Redstone’s salary for ’04 was raised to $3.5mln from $1mln last year, according to an SEC filing. New co-presidents Tom Freston and Les Moonves each will receive a $3mln base salary vs the $1mln salary Mel Karmazin received in ’03 (Don’t worry, he got a $35mln severance package). Freston and Moonves also are eligible for a bonus of up to $10mln/year.

The Daily


Frontier Moving Along Amid Strategic Review

Earlier this month, Frontier embarked on a strategic review with the hope of identifying more opportunities to create value for shareholders. It sparked talks of a potential sale, but after its 4Q23 earnings call Friday morning, things may be looking up.

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


Feb 27
2024 Top Ops Awards Nominations Open February 27th.
Apr 25
2024 Cablefax 100 Awards Magazine Release: April 25, 2024
Jun 13
2024 American Broadband Congress Conference Registration is Open!
Jun 26
2024 FAXIES Awards Nominations Are Open!
Full Calendar


Seeking an INDUSTRY JOB?

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Rob Hudgins, [email protected], for more information.