ViacomCBS (one.2%) (NASDAQ:VIAC)(NASDAQ:VIACA) (VIACA/VIAC – $forty four.87/$forty one.97 – NASDAQ) is the item of the December 2019 recombination of Viacom and CBS, two Sumner Redstone managed businesses. ViacomCBS is a globally-scaled content material corporation with networks like CBS, Showtime, Nickelodeon, MTV, Comedy Central, VH1, Guess, thirty tv stations, the Simon & Schuster publishing property and the Paramount film studio. The businesses separated in 2005, but alterations in the media landscape have place a premium on world wide scale. Together ViacomCBS need to be equipped to improved navigate shifts in consumer behavior and monetization although building significant expense discounts and enhancing revenue expansion.
From Mario Gabelli (Trades, Portfolio)’s Gabelli Asset Fund fourth-quarter 2019 shareholder commentary.
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