ViacomCBS on Friday became the latest media giant to warn investors about the grave threat to its business operations posed by the fallout from the global response to the coronavirus pandemic. The …
ViacomCBS on Friday became the latest media giant to warn investors about the grave threat to its business operations posed by the fallout from the global response to the coronavirus pandemic. The newly merged company said it has undertaken proactive “cost-saving initiatives” to offset the sudden loss of revenue from advertising and other sources as [...
Grammy Awards are great, but the Recording Academy’s greatest contribution to the music industry is arguably MusiCares — its charitable foundation to support music industry workers in need. In simpler times, it helps people with everything from emergency health care to substance-abuse treatment, but these days it has focused on helping music people — everyone, [...]The U.K.
Ace’s “How Long,” a No. 3 hit in 1975 for the British rock band, was the first single to introduce music audiences to the voice of Paul Carrack, who went on to become a vocalist for other influential groups like Squeeze and Mike & The Mechanics. And thanks to a buzzy new TV campaign from [...]
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ViacomCBS Eyes Cost Savings as Virus Crisis Could Have 'Material' ImpactViacomCBS says it is 'utilizing its deep library of content to mitigate in part the impact' of production delays amid the coronavirus pandemics. 'The magnitude of the (financial) impacts will depend on the duration and extent' of the virus crisis. Details:
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'One Day at a Time' Gets Decent Start on Pop, TV LandPop TV's revival of OneDayataTime got off to a decent start — even though most of the premiere's viewers didn't come on Pop itself
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Suez suspends 2020 guidance due to coronavirusSuez SA said late Wednesday that it is suspending its 2020 guidance due to the coronavirus, and that it is too early to quantify the hit from the pandemic to its business or to set new targets. "Like all industries, we are likely to be significantly impacted in 2020 by the consequences of population containment," the French water-and-waste management company said.
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ViacomCBS Has Received 25 Inquires About Buying Simon & Schuster Since It Flagged Intention To Sell PublisherViacomCBS has received 25 inbound inquiries about buying Simon & Schuster since CEO Bob Bakish signaled plans to sell the storied publisher at a media conference in late February. The coronavir…
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National Amusements Sets Amended Credit Agreement Without ViacomCBS Stock SalesViacomCBS parent National Amusements Inc. has set an amended credit agreement with its lenders that gives the company some breathing room in liquidity amid the broader coronavirus-induced economic …
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Sales of essential goods at Target soar in March as shoppers stock upTarget is withdrawing its financial targets and suspending its $5 billion share buyback program
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