Viacom said the previously announced restructuring of its media nets is on track and "almost complete," with the group posting a 10% increase in rev to $1.9bln for 2Q. Pres/CEO Philippe Dauman said the cable upfront is almost over for the nets. Adult-focused nets are securing low double-digit price increases, with overall dollar volume slightly higher than last year. Dauman added that nets turned away business because they anticipate a strong scatter market. While Time Warner indicated Wed that the kids upfront would be weak, Viacom said it’s seeing no slowdown and expects a double-digit increase in overall dollar volume. Viacom has orchestrated ad deals that feature a combo of the new commercial ratings and program ratings. For the most part, commercial ratings will not come into play until 1Q08, Dauman said. The company said it’s on track to exceed this year’s goal of $500mln in digital revenue this year, and it plans to launch hundreds of new Websites over the next year. Shares closed up 1% as Viacom’s earnings of $434mln beat analyst expectations.

The Daily



John Higginbotham was upped to evp/COO of ACA Connects . Before joining ACA Connects in Feb 2020, he served for more than 20 years as assistant general manager, telecommunications at Frankfort Plant

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



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 for more information.