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.

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Wednesday–April 29

Fiber Connect 2026 to go Beyond BEAD

Those attending the Fiber Broadband Association’s annual Fiber Connect conference in recent years have gotten an earful on BEAD, but look for next month’s gathering in Florida to have less emphasis on the government’s Broadband Equity, Access and Deployment program.

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