NEW YORK The axe continues to swing in the entertainment industry amid a recession, with Viacom Inc. unveiling 850...
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VIACOM
Viacom, Inc. operates as an entertainment content company. It is an American media conglomerate with various worldwide interests in cable and satellite television networks (MTV Networks and BET), and movie production and distribution (the Paramount Pictures and DreamWorks movie studios). Currently, Sumner Redstone is chairman of Viacom and, through National Amusements, the majority shareholder.
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Investors' concerns about Viacom Inc. -- including MTV's lagging ratings and potential stock sales by tycoon Sumner...
of large-scale job-cut announcements came this week. On Thursday alone, AT&T (T, Fortune 500), DuPont (DD, Fortune...
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