ViacomCBS (VIAC, Financial) (7.9%) (VIA – $25.60 – NASDAQ) is the product of the December 2019 recombination of Viacom and CBS, two Sumner Redstone controlled companies. ViacomCBS is a globally-scaled content company with networks including CBS, Showtime, Nickelodeon, MTV, Comedy Central, VH1, BET, 30 television stations, the Simon & Schuster publishing house and the Paramount movie studio. The companies separated in 2005, but changes in the media landscape have put a premium on global scale. Together ViacomCBS should be able to better navigate shifts in consumer behavior and monetization while generating significant cost savings and enhancing revenue growth.
From Mario Gabelli (Trades, Portfolio)'s Gabelli Value 25 Fund second-quarter 2020 shareholder commentary.
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