Mario Gabelli Comments on ViacomCBS

ViacomCBS (NASDAQ:VIACA) (11.2%) (VIACA – $forty four.87 – NASDAQ) is the solution of the December 2019 recombination of Viacom and CBS, two Sumner Redstone managed providers. ViacomCBS is a globally-scaled information company with networks including CBS, Showtime, Nickelodeon, MTV, Comedy Central, VH1, Guess, thirty television stations, the Simon & Schuster publishing house and the Paramount motion picture studio. The providers divided in 2005, but changes in the media landscape have put a high quality on international scale. Alongside one another ViacomCBS must be equipped to better navigate shifts in purchaser actions and monetization even though creating major expense savings and enhancing earnings development.

From Mario Gabelli (Trades, Portfolio)’s Gabelli Worth 25 Fund fourth-quarter 2019 shareholder commentary.

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Sydnee Gatewood

I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech College. I have lived in Texas most of my lifestyle, but also have roots in New Mexico and Colorado. Stick to me on Twitter! @gurusydneerg

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