Following a comprehensive review of Viacom’s (NASDAQ:VIAB, VIA) capital
structure and operating budget, the Viacom Board today announced
measures to improve the Company's financial flexibility and position it
for future growth. Specifically, the Company is reducing its dividend
payout to preserve capital and will proceed to access debt capital
markets in the near term to improve liquidity. These actions are
designed to balance the Company’s focus on amore...