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ENTERTAINMENT
July 24, 2001 | GREG BRAXTON, TIMES STAFF WRITER
Despite its financial success and popularity with top black talent, Black Entertainment Television has long come under fire from those inside and outside the black creative community who feel the channel should have been more aggressive in providing meaningful and insightful entertainment by and for blacks.
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ENTERTAINMENT
April 8, 2014 | By Ryan Faughnder
Nick Stepka knew what gift would make his daughter's third birthday a hit, and it wasn't a toy or doll. He gave her a tablet - not a sleek new iPad or a hand-me-down Samsung, but one specifically designed and marketed for little ones. It even came with a purple protective casing and loaded with kids' apps and games. "Her eyes lit up when she opened it," said Stepka, 34, a Shakopee, Minn., father of three. "Everything else got put to the side. " That's exactly what tablet makers and companies that create children's entertainment were hoping for. PHOTOS: Top 10 gadgets we want to see this year Stepka's household is part of a growing group of consumers for whom traditional children's toys and games are not enough.
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BUSINESS
June 10, 1987
Shareholders in Viacom International, a communications and entertainment company headquartered in New York, will receive for each share a cash payment of $43.20; 0.30097 of a share of 15.5% preferred stock of Viacom Inc., having a liquidation preference of $25 per share and accruing dividends from May 1, and 20 cents of a share of common stock of Viacom Inc. The transaction involves 17.4% of common stock outstanding in Viacom Inc., a subsidiary of Dedham, Mass.-based National Amusements Inc.
ENTERTAINMENT
January 30, 2014 | By Meg James
Media company Viacom Inc. reported 16% higher profit in its fiscal first quarter but revenue dipped -- raising worries on Wall Street about a slow-down in domestic advertising sales. But blame Paramount Pictures, the Los Angeles-based movie studio, for  Viacom's lower revenue in the quarter ended Dec. 31. Studio revenue plunged 30% to $681 million because of fewer movie releases compared to the year-earlier period. TIMELINE: Best Super Bowl commercials Paramount lost $74 million in the quarter, which was an improvement over the previous year period when the studio lost $139 million.
BUSINESS
May 21, 1994 | JAMES BATES, TIMES STAFF WRITER
Viacom Inc. on Friday reported a $431-million loss in the first quarter due to costs stemming from its acquisition of a controlling interest in Paramount Communications Inc. Analysts saw no surprises in the results, which included one month of Paramount operations and $332 million in charges related to Viacom's March purchase of 50.2% of Paramount after its takeover battle with QVC Inc. In its announcement, Viacom reported revenue of $878.4 million for the quarter ended March 31.
BUSINESS
April 5, 2001
* Separately, Viacom Inc.'s CBS News said it eliminated some jobs at its CBSNews.com Web site to reduce costs. A CBS News spokeswoman declined to say how many jobs were cut. Citing unidentified sources, CBS.Marketwatch.com put the number at about 20.
BUSINESS
January 14, 2005 | From Bloomberg News
Viacom Inc. promoted Joel Hollander to chief executive of its Infinity Broadcasting radio division. Hollander, the unit's president and chief operating officer since May 2003, succeeds John Sykes, who is transferring to a new job developing cable networks at Viacom's MTV division.
ENTERTAINMENT
August 17, 2004
Public service: At the Emmy Awards next month, Viacom Inc. will be given the TV academy's Governors Award for a variety of public-service ad campaigns the company runs on its TV channels and stations, including MTV's "Choose or Lose."
BUSINESS
August 21, 1991 | From Times Staff and Wire Reports
Maxwell Sells MTV Stake: Viacom Inc. will acquire Robert Maxwell Group's 50% stake in MTV Europe for $60 million to $65 million. The purchase will give Viacom 100% ownership of the popular music channel in Europe. MTV Europe was originally a joint venture of Viacom, Maxwell and British Telecommunications. Viacom has already acquired British Telecommunications' stake.
BUSINESS
June 30, 2006 | From Reuters
A group of Viacom Inc. investors won the right to sue the company's directors, claiming they overpaid Chairman Sumner Redstone and other executives even as the company suffered a record loss. New York State Supreme Court Judge Charles Ramos threw out Viacom's motion to dismiss the complaint alleging excessive compensation or unjust enrichment in 2004.
ENTERTAINMENT
January 24, 2014 | By Meg James
Although he rarely makes it into the office these days, Sumner Redstone continues to collect a handsome executive compensation package. The 90-year-old controlling shareholder of Viacom Inc. received a package valued at $36.2 million in 2013 in his role as executive chairman of the New York cable television and movie company, according to a filing Friday with the Securities and Exchange Commission. That represented a 50% increase over Redstone's 2012 Viacom compensation of $24.2 million.
ENTERTAINMENT
January 16, 2014 | By Meg James
Management changes continue at Nickelodeon as another high-level executive announced that she was leaving the children's channel - her home for nearly 20 years. Paula Kaplan, who serves as executive vice president of current TV series, told her team on Thursday that she would be leaving the network, according to people familiar with the matter. Kaplan previously was a West Coast general manager and head of talent and casting for many of Nickelodeon's businesses. She did not return a call left at her office Thursday afternoon.
ENTERTAINMENT
December 24, 2013 | By Joe Flint
Time Warner Cable and Viacom Inc., parent of popular channels MTV, Nickelodeon and Comedy Central, have renewed their long-term distribution agreement. The current contract between the two media powerhouses was due to expire at the end of the year. However, the talks went smoothly and neither side felt the need to go public with negotiations and run ads attacking each other. That scenario has often played out for consumers.  "We're pleased to have reached agreement in advance of our deadline," said Melinda Witmer, Time Warner Cable's executive vice president and chief video and content officer.  Under the terms of the deal, Time Warner Cable also agreed to offer Epix, the pay-TV movie channel that Viacom co-owns, to its subscribers.
ENTERTAINMENT
December 3, 2013 | By Richard Verrier
The Sumner M. Redstone Charitable Foundation has made a $20 million gift to the Motion Picture & Television Fund, the nonprofit group that provides healthcare and social services to active and retired entertainment industry workers. The donation from Redstone, who is executive chairman of the board of CBS Corp. and Viacom Inc., brings to about $300 million the amount the fund has raised since February 2012. The fund's goal is to raise $350 million. "For me, it is a privilege to help provide essential services for those who truly drive this industry, so they can continue to focus on bringing entertainment magic to so many around the world," Redstone said.
ENTERTAINMENT
November 14, 2013 | By Meg James
Media company Viacom Inc.'s profit soared 24% in its fiscal fourth quarter, fueled by significantly higher TV ad sales and the Brad Pitt movie "World War Z. " Viacom shattered analysts' estimates for the quarter. Television advertising sales jumped 10% to $1.3 billion, thanks to higher ratings for the company's flagship networks Nickelodeon, MTV and Comedy Central. For the quarter ended Sept. 30, Viacom reported net income of $804 million, or $1.68 per share, up from $650 million, or $1.26 per share, in the year-earlier period.  Analysts had been expecting earnings of $1.44 a share.
ENTERTAINMENT
November 11, 2013 | By Meg James
Louis J. Briskman plans to retire next month from his role as general counsel of CBS Corp. A mainstay of the broadcasting company, Briskman first joined CBS in 1975 when it was Westinghouse Electric Corp.  He has served as the top lawyer for four public corporations, including Aetna Inc., Group W (the broadcasting subsidiary of Westinghouse) and Westinghouse Electric.  After his stint at Aetna, Briskman rejoined CBS in September 2005, just four months before the CBS breakup with Viacom Inc.  At that point, CBS became a separate publicly traded company.
BUSINESS
February 21, 2001
TNN, a cable channel owned by Viacom Inc., said it will close its 11 NASCAR Thunder Stores in the Southern U.S. over the next six weeks because they're not a core business and don't fit the network's strategy.
ENTERTAINMENT
August 15, 2013 | By Joe Flint
Viacom Inc., parent of MTV, Nickelodeon and Comedy Central, is closing in on a deal with Sony Corp. to have its networks carried via an Internet distribution system the consumer electronics and entertainment company is developing that would potentially be a rival cable and satellite services, a person familiar with matter confirmed. Should an agreement be struck, Viacom would be the first major entertainment company to agree to sell its content to a so-called over-the-top distribution system.
ENTERTAINMENT
July 25, 2013 | By Ryan Faughnder
Parents, get ready for more nautical nonsense. Viacom Inc.'s Nickelodeon has made a deal with Activision Blizzard Inc.'s publishing arm to develop and publish video games based on the network's cartoon "SpongeBob SquarePants. " Santa Monica-based Activision Publishing Inc. has signed on as the master video game licensee for the kids' show featuring the porous character, Nickelodeon said Thursday. SpongeBob games had previously been made by THQ, which filed for bankruptcy last year.  Earlier this year, Activision and Nickelodeon reached an agreement to make games based on the network's "Teenage Mutant Ninja Turtles" animated show, which THQ also used to work on. Nickelodeon and Activision announced a new "Ninja Turtles" game last week.  ON LOCATION: Where the cameras roll The first game to surface from the expanded, multi-year deal will be called "SpongeBob SquarePants: Plankton's Robotic Revenge," and will be released in October, the companies said.  That game will be available on  Xbox 360, PlayStation 3, Nintendo Wii and Wii U and the Nintendo DS and 3DS handheld devices.  ALSO: Univision confirms split with radio host Eddie 'Piolin' Sotelo Audiam helps artists get paid from plays of their songs on YouTube Tired of blockbusters: Moviegoers want Adam Sandler, not 'Pacific Rim' Follow on Twitter: @rfaughnder ryan.faughnder@latimes.com MORE...
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