/// Earnings and Ratings Down, Viacom Declares Victory in DirecTV Spat
Viacom chairman Sumner Redstone began Friday's Viacom earnings call by praising company CEO Philippe Dauman for his role in the carriage dispute with DirecTV last month. “Philippe has been a great warrior,” Redstone enthused. “The battle he conducted against DirecTV was spectacular. He has the same passion to win that I've always had and in the long run, he will win.” For his part, Dauman tried to debunk the popular notion that the fight had ended in DirecTV's favor . “The deal that Viacom ultimately signed was materially better than the deal that was on the table when DirecTV made the unfortunate decision to end the negotiations,” Dauman said. The odd-sounding retroactive declaration of victory was one of the few congratulatory moments during the call; earnings for the quarter fell 7 percent (more than expected) and revenues were off by 14 percent. Executives admitted that the trouble was largely a function of lower ad revenues, as well as fewer movies with grosses as high as last year's Transformers: Dark of the Moon
- 04/21/2017 • Social Media Advertising Spend Was Up 60% Year-Over-Year in Q1 (Report)
- 04/20/2017 • Could Google and Facebook’s Challengers Steal Away Ad Budgets by Working Together on Metrics?
- 04/16/2017 • Denver Post Advertising Ranks Pummeled by Mass Exodus, Lawsuit
- 04/10/2017 • Shifting From One-Way Broadcast to Two-Way Dialog Changes Everything