RUMOR MILL
Back to Rumor Mill >
Monday, July 31, 2000

VIACOM TO TAKE $700 MIL HIT
IN SECOND QUARTER

by

yes

Money Will Be Written Off As "Goodwill," Which Does NOT Mean Plenty Of Clothes For The Needy
Entertainment giant Viacom, which recently acquired broadcast behemoth CBS in a deal worth an estimated $47 billion, will take a related $700 million charge in the second quarter, documents showed Friday.

Reuters reports Viacom also revealed in a July 17 filing with the Securities and Exchange Commission that it plans to make accounting adjustments of about $3 billion for the costs of integrating CBS.

The charges will be added to goodwill on Viacom's balance sheet and written off over several years.

TAGS: yes
 
BACK TO RUMOR MILL
 
TOP 20: JUST TRUST US
A second sonic Boom (4/18a)
Check It Out Now
ON THE COVER:
AARON BAY-SCHUCK
AND TOM CORSON
Bunny's hoppin' again. (4/17a)
Check It Out Now
NEAR TRUTHS:
PRIMARY NUMBERS
Hats off to Larry (4/17a)
Check It Out Now
TAY’S FORTHCOMING DEBUT: WE ARE TORTURED BY SPECULATION
So many questions (4/18a)
Check It Out Now
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/18a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions