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Viacom reported lower fiscal fourth-quarter profits as revenue fell and costs rose as it prepared to close its merger with CBS. Net earnings dropped 22% to $307 million, or 76 cents a share, from $394 million, or 98 cents a year ago. Revenue fell 1% to $3.433 billion, Viacom’s earnings were ...
The FCC has authorized another $13 million-plus for rural broadband buildouts as it works to close the digital divide. Related: FCC Approves Rural Broadband Funding in 16 States That broadband subsidy money, from the Connect America Fund (CAF) Phase II auction, is going to 66 winning bidders whose ...
Read more: FCC: More CAF II Bidders Authorized for Rural Bucks
Media Financial Management Association (MFM) will host its Media Tax Summit on Thursday, December 12. The daylong event will be held at the offices of Jones Walker, LLP in New Orleans. It is scheduled from 8:15 am to 5:00 pm, with a cocktail reception immediately following. Co-Chairing the Summit ...
Read more: MFM’s to Host Media-Specific Tax Summit in New Orleans this December