Viacom chief Bob Bakish took a short victory lap on Thursday during the company’s final quarterly earnings call before the completion of its merger with CBS Corp., which is expected to be sealed early next month.
Bakish talked up the return of Paramount Pictures to profitability for the first time in four years, and the return of Viacom to full domestic advertising revenue growth for the first time in six years. Given where Viacom was when Bakish took over in late 2016, both financial milestones are a win — or as Bakish put it, “evidence of our transformation.”
“We are really proud of Viacom’s evolution,...
Bakish talked up the return of Paramount Pictures to profitability for the first time in four years, and the return of Viacom to full domestic advertising revenue growth for the first time in six years. Given where Viacom was when Bakish took over in late 2016, both financial milestones are a win — or as Bakish put it, “evidence of our transformation.”
“We are really proud of Viacom’s evolution,...
- 11/14/2019
- by Brian Steinberg
- Variety - TV News
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