May 2007
Multichannel News;5/14/2007, Vol. 28 Issue 20, p34
The article reports on the decision of David Joyce, media analyst of Miller Tabak, to maintain his buy rating and $45 per share price target on Viacom Inc. Joyce said that the stock could be a buying opportunity despite earnings shortfall due to restructuring charges at MTV Networks. Viacom reported first quarter earnings on May 10, 2007 with revenue up 16 percent to $2.75 billion. However, the income was down 29 percent to $433 million because of restructuring costs at MTV Networks.


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