1. Viacom's New Activist Faces Uphill Battle

    Viacom's New Activist Faces Uphill Battle

    Viacom's New Activist Faces Uphill Battle...

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    1. With the existing shareholders, there's frustration with the current management team and the current board.
    2. There is always this risk in this situation with a controlling shareholder that calls for change will go unheeded.
    3. Viacom's board and management are completely focused on delivering long-term value to shareholders.
    4. We think the stock is extremely interesting, and we think there are a number of ways that value can be unlocked there.
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