Viacom Braces for New CEO by Cutting Dividend, Profit ForecastBy and
Interim chief Tom Dooley will leave the company in November
Viacom halved its dividend to 20 cents; will boost liquidity
Viacom Inc., reeling from a legal battle for control of the media giant and hamstrung by more than $12 billion in debt, cut its quarterly dividend in half and said interim Chief Executive Officer Tom Dooley will leave.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.