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Summary: Viacom Inc. Oct 04 Product Image

Summary: Viacom Inc. Oct 04

  • Published: October 2004
  • Standard & Poors

FEATURED COMPANIES

  • Blockbuster Inc.
  • CBS Corp.
  • MORE

Abstract
The rating on Viacom Inc. reflects its broad-based, well-integrated entertainment operations and moderate capital structure. Viacom has strong business positions in network TV, cable TV networks, radio, outdoor advertising, feature film and TV programming production, and video rentals (pending the planned October 2004 split-off of the Blockbuster Inc. video unit), but its competition includes similarly well-funded media powerhouses. Operating performance remains in line with double-digit percentage operating income growth guidance when excluding Blockbuster Inc. Performance reflects broad-based revenue gains, with cable networks' earnings gains driven by advertising strength, followed by affiliate fee growth. The CBS Television Network has been picking up audience share, which has led to increased revenue, EBITDA, and margins gains for the television group. Radio advertising has...

Companies mentioned in this report are:
- CBS Corp.
- Blockbuster Inc.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

- CBS Corp.
- Blockbuster Inc.

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