Donald Yacktman, co-chief investment officer at Yacktman Asset Management Co., talks about his holdings in Viacom Inc. and News Corp. Viacom, the owner of MTV Networks and the Paramount Pictures film studio, today said fiscal third-quarter profit rose 52 percent as cable-television advertising sales climbed. Yacktman talks with Deirdre Bolton on Bloomberg Television's "InsideTrack."
Yacktman prefers News Corp. over Viacom, but he owns both, with News Corp. taking the No.2 position in his stock portfolio and Viacom at No.7 overall.
(Source: Bloomberg)
Background of the firms discussed and Yacktman’s holding history:
News Corp. (NWSA, Financial)
NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $25.24 billion; its shares were traded at around $13.85 with a P/E ratio of 14.1 and P/S ratio of 0.8. The dividend yield of News Corp. stocks is 1.1%.
Yacktman bought about half million shares of this stock in the second quarter of 2010.
Viacom Inc. (VIA.B, Financial)
Viacom is a global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount Pictures, Paramount Home Entertainment and DreamWorks. Viacom Inc. has a market cap of $18.01 billion; its shares were traded at around $34.02 with a P/E ratio of 12.3 and P/S ratio of 1.3.
Yacktman bought about 300K shares additional shares of this stock in 2Q10.
Check out Yacktman’s stock portfolio here.
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Yacktman prefers News Corp. over Viacom, but he owns both, with News Corp. taking the No.2 position in his stock portfolio and Viacom at No.7 overall.
(Source: Bloomberg)
Background of the firms discussed and Yacktman’s holding history:
News Corp. (NWSA, Financial)
NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $25.24 billion; its shares were traded at around $13.85 with a P/E ratio of 14.1 and P/S ratio of 0.8. The dividend yield of News Corp. stocks is 1.1%.
Yacktman bought about half million shares of this stock in the second quarter of 2010.
Viacom Inc. (VIA.B, Financial)
Viacom is a global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount Pictures, Paramount Home Entertainment and DreamWorks. Viacom Inc. has a market cap of $18.01 billion; its shares were traded at around $34.02 with a P/E ratio of 12.3 and P/S ratio of 1.3.
Yacktman bought about 300K shares additional shares of this stock in 2Q10.
Check out Yacktman’s stock portfolio here.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Donald Yacktman for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
