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NEWS ABOUT: Viacom

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CEO Salaries Climb Above Pre-Recession Levels

Average S&P company doling out $9M

(Newser) - Did you know there was some kind of recession recently? You wouldn't, if you looked at CEO paychecks. CEOs were paid more last year than they were in 2007, when unemployment was at half what it is now and the stock market was at record highs, the AP reports.... More »

Media Moguls: Obama's Scaring Big Business

Sun Valley conference a pessimistic affair

(Newser) - The Sun Valley summit of media titans last week was a dour affair, with the CEOs lamenting the poor state of the economy—and how little faith they have in the Obama administration to fix it. In on- and off-the-record conversations with the moguls, Peter Lauria of the Daily Beast... More »

South Park Bully Group Denies Link to NYC Bomb

But follower was at Times Square

(Newser) - An Islamist group that threatened South Park creators with harm for making light of the Prophet Mohammed has denied any involvement in the Times Square car bomb. The man who runs the Web site for the Revolution Muslim group in Queens acknowledged he was at Times Square when the propane... More »

Comedy Central Picks Up Onion Sports Network

10-episode test run will begin next year

(Newser) - The Onion will soon be making fun of the world of sports on cable TV. Comedy Central will run a 10-episode batch of shows beginning early next year from the Onion Sports Network, reports Mashable . Athletes, nutso fans, and sportscasters are sure to be fair game. "If I were... More »

Google: Viacom Uploaded Own Clips to YouTube, Then Sued

Accusations fly in YouTube copyright-infringement showdown

(Newser) - Viacom secretly uploaded video clips of its shows to YouTube and then launched a $1 billion copyright-infringement suit over those same clips, according to Google's lawyers. Google claims the company, seeking to promote shows like South Park, hired over a dozen marketing agencies to upload the clips, making sure they... More »

Hulu Losing Daily Show, Colbert Report

Viacom yanking shows as of March 9

(Newser) - Viacom has dealt Hulu what may be its biggest programming setback yet by yanking the Daily Show, the Colbert Report, and several other Comedy Central shows from its service. Hulu announced that it would be losing the shows as of March 9 in a blog posting in which it wished... More »

Hollywood Reeling From DVD Slump

Disappearing profits threaten movies, star deals

(Newser) - Hollywood studios are faced with huge losses because of a 21% slump in DVD sales and the fallout from the crisis on Wall Street, reports the Financial Times. Studio heads have been forced to cut back on the number of new movies in production and are preparing to trim the... More »

Time Warner, Viacom Reach Zero-Hour Deal

Cable provider keeps grip on Nickelodeon, Comedy Central, MTV

(Newser) - The countdown to the New Year was a frantic one for Viacom and Time Warner. The companies had set a midnight deadline in their tense negotiations to keep Viacom’s networks—which include MTV, Comedy Central, and Nickelodeon—on the massive cable provider. As the ball dropped, Viacom granted a... More »

Sobbing SpongeBob Joins Viacom Fee Dispute

Ads aimed at winning support in Time Warner feud feature a sobbing Spongebob

(Newser) - Viacom is enlisting some of its best-known kid cartoon characters in a contract renewal battle with Time Warner, the Wall Street Journal reports. Viacom wants higher fees from the cable carrier for its channels, which could disappear from Time Warner's service at midnight tonight if no new deal is reached.... More »

Dow Loses 215 on Job Cuts

Retailers miss estimates as consumer rein in spending

(Newser) - The markets lost value today amid data that unemployment is growing, and poor sales reports from retailers, MarketWatch reports. Traders are bracing for the worst ahead of the November jobs report, due tomorrow. The Dow fell 215.45, closing at 8,376.24. The Nasdaq dropped 46.82 to settle... More »

Debt-Laden Redstone May Sell Theaters

Media mogul may have to sell CBS stake, too, to placate bankers

(Newser) - With debts threatening to consume his media empire, Sumner Redstone is considering selling his family’s 1,500-screen movie theater chain, the New York Times reports. But even that may not be enough to satisfy his bankers, say people briefed on the negotiations. If things get bad enough, Redstone may... More »

YouTube to Offer MGM Movies, TV Episodes

Internet site to announce new partnership with studio

(Newser) - YouTube and MGM are about to announce a partnership in which movies and TV shows will be offered on the video-sharing website, reports the New York Times. The deal is part of a strategy by YouTube owner Google to cozy up to Hollywood in a bid to compete with rival... More »

Redstone to Divorce (Again)

Couple of 5 years splits 'amicably' as Viacom, CBS chief tackles $1.6B debt

(Newser) - Media magnate Sumner Redstone is calling it quits with his wife of 5 years, the Los Angeles Times reports, even as the Viacom and CBS chairman tries to maneuver his family company through a debt crisis. Though the 85-year-old cited irreconcilable differences in ending his marriage to Paula Fortunato, the... More »

Spielberg, Paramount Split DreamWorks Projects

Divorce accomplished without years of litigation, projects divvied up

(Newser) - It may be one of the most amicable Hollywood divorces in history. Paramount Pictures and DreamWorks announced a division of 200 movie projects in development as golden-touch producer Steven Spielberg leaves to launch a new company, according to the Hollywood Reporter. The unexpectedly easy split comes in defiance of Hollywood... More »

Yahoo Board OKs New Round of AOL Talks

Time Warner anxious to decide on service's future

(Newser) - A Yahoo board of directors now stocked with allies of activist investor Carl Icahn cleared the way yesterday for reigniting talks on combining with AOL, the Financial Times reports. Time Warner’s chief is eager to decide AOL’s future “fairly soon,” but is hoping Microsoft will join... More »

Media Companies Brace as Advertising Slump Worsens

A slowing economy has prompted a sharp reduction in spending

(Newser) - A major slump in advertising is moving beyond newspapers and radio and is now starting to hurt TV and the entire media industry, reports the Financial Times. Major advertisers—especially car dealers, airlines, and banks—are cutting back on marketing as the economy slows. And, analysts say, even the windfalls... More »

Google Agrees to Give Viacom Encrypted Data

YouTube visitor data will be 'anonymized' before release

(Newser) - In a deal reached last night, Google has agreed to hand over YouTube user data Viacom had demanded in its copyright lawsuit, but only after replacing user names and IP addresses with unique substitutes to protect users’ privacy, the Wall Street Journal reports. The move will allow Viacom and other... More »

Google Refuses to Hand Over Employee Data

Viacom wants to see what YouTube workers are uploading

(Newser) - Google is refusing to turn over records of content its employees at YouTube have uploaded, CNET reports. Two weeks ago, a judge ordered the company to disclose a huge set of user data, along with information on employees, as part of Viacom’s copyright claim. If workers uploaded copyright-protected material,... More »

Google Must Turn Over YouTube Records: Judge

Data dump includes users' names and IP addresses

(Newser) - A judge has ordered Google to give Viacom records of all videos ever watched on YouTube, including users’ names and IP addresses, Wired reports. Viacom is seeking the data to bolster its $1 billion lawsuit against Google for allowing copyrighted Viacom clips on YouTube. The media giant believes the data... More »

DreamWorks Near Bollywood Alliance

Deal would speed Spielberg team's Paramount departure

(Newser) - Steven Spielberg's DreamWorks venture is closing in on a deal with an Indian media conglomerate that could fund a break from Paramount Pictures, the Wall Street Journal reports. Mumbai-based Reliance, a conglomerate with stakes in telecom, finance, and entertainment looking to expand into Hollywood, could bring as much as $600... More »

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