Viacom is contemplating splitting into 2 companies: one would be dominated by cable nets and led by Tom Freston, the other would include broadcast (TV and radio) and headed by Les Moonves. Viacom plans to offer more details in 2Q. "We believe that a separation of our businesses into distinct and strong operating entities would allow us to optimize our capital structure and create unique investments that are more appealing to investors with different objectives," CEO Sumner Redstone said in a statement.

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Supreme Court Gives Cox Unanimous Win in Sony Piracy Case

When word came down Wednesday that the U.S. Supreme Court sided with Cox Communications in its eight-year piracy battle with music labels, other ISPs got wind of it pretty quickly.

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