ViacomCBS (1.2%) (NASDAQ:VIAC)(NASDAQ:VIACA) (VIACA/VIAC – $44.87/$41.ninety seven – NASDAQ) is the merchandise of the December 2019 recombination of Viacom and CBS, two Sumner Redstone controlled corporations. ViacomCBS is a globally-scaled articles company with networks which includes CBS, Showtime, Nickelodeon, MTV, Comedy Central, VH1, Bet, thirty television stations, the Simon & Schuster publishing property and the Paramount movie studio. The corporations separated in 2005, but modifications in the media landscape have set a quality on world wide scale. Alongside one another ViacomCBS should be capable to far better navigate shifts in client conduct and monetization while generating sizeable expense cost savings and maximizing profits progress.
From Mario Gabelli (Trades, Portfolio)’s Gabelli Asset Fund fourth-quarter 2019 shareholder commentary.
About the creator:
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech College. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Observe me on Twitter! @gurusydneerg