- Language: English
- Published: January 2014
Summary: Viacom Inc. Oct 04
- ID: 1823051
- October 2004
- Standard & Poors
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, and feature film and TV programming production, but its competition includes similarly well-funded media powerhouses. Operating performance remains in line with operating income growth guidance in the double-digit percents when excluding Blockbuster Inc. Performance reflects broad-based revenue gains, with cable networks' earnings gains driven by advertising strength, followed by growth in affiliate fees. The CBS Television Network has been picking up audience share, which has led to increased revenue, EBITDA, and margins gains for the TV group. Radio advertising has been in a muted recovery; a small revenue increase was posted...
Companies mentioned in this report are:
- CBS Corp.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- CBS Corp.