1. Viacom's Management Shake-Up: What's Next?

    Viacom's Management Shake-Up: What's Next?

    Now that Viacom chairman and CEO Philippe Dauman and controlling shareholder Sumner Redstone are finalizing a settlement of their feud before a trial forces them both to expose even more of their dirty laundry, the fire of the legal fight has been put out. But the next battle, the one to decide where Viacom will go from here, will come into immediate focus...

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    1. It's sad that my clients, the shareholders, have been paying these legal bills.
    2. What should happen is a complete internal review by fresh eyes and aggressive outreach to the most valuable and talented employees.
    3. Absent concurrent enhancement of audience ratings performance and advertising sales, a dividend reduction alone would not be sufficient to hold the current rating.
    4. I don't know the asset well enough. It's been over a decade since we were there, so I haven't studied it.
    5. We think there's a compelling case for a merger because it provides a platform, from which Viacom can undertake the much-needed restructuring of its cable networks.
    6. We propose that Viacom could divest more than 15 non-core networks in order to focus on the key brands of Nickelodeon, Comedy Central, MTV, VH1, BET, Spike, TV Land and CMT.
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