TITLE

The long goodbye

AUTHOR(S)
Szalai, Georg
PUB. DATE
June 2004
SOURCE
Hollywood Reporter -- International Edition;6/8/2004, Vol. 384 Issue 11, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The exit of Mel Karmazin from his post as media company Viacom Inc.'s president and chief operating officer pressured the conglomerate's shares to a new 52-week low last week. However, the Karmazin factor didn't last too long as the stock recovered quickly and closed last week's holiday-shortened trading session above its opening levels. Nonetheless, Karmazin's exit June 1 remained the big topic of debate among entertainment industry analysts for most of the week. Reiterating his "buy" rating on Viacom shares, Fulcrum Global Partners managing director Richard Greenfield argues that investors' positive feelings toward Viacom shares can only get stronger after a recent drought.
ACCESSION #
13480323

 

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