I just heard today that Viacom has purchased BET holdings that own the cable channel among other things. I think that this is going to be a great acquisition for them. They are the premier Black entertainment channel and I agree with the CEO that there's lots of growth potential.I also saw the CEO talking on CNBC, he seems like a cool old man. He said he wants to buy CNBC. Who knows?Can anyone tell me why they have two ticker symbols?Haigwww.mymarketingpro.com
Ihave the Via-B and believe its non voting stock and Via-A is voting
Ihave the Via-B and believe its non voting stock and Via-A is voting Yes. The only ones you can purchase are the "B" shares, and that's what we all got when the shares were converted from CBS to Viacom.B's.Sumner Redstone is the guy you saw on CNBC; he's Chairman of Viacom and owns most (maybe all?) the A shares. He has total control.The BET acquisition is a good one, if only because it's so damn hard to acquire any one these days. The folks who own the well distributed channels don't want to let them go; BET is already profitable and pretty well distributed. I don't know that CBS's "must carry" muscle will do much good, since their stations are in the major markets, where you would expect a black-oriented channel to already have good distribution. Where BET is short is in the "B" and "C" counties (ex-burban and rural), where, for many of them at least, there would not likely be high demand for black-oriented programming anyway.I have less regard for their move from the "Nashville Network" to the "National Network". At least at one point it had "focus", now it seems to be nothing but a mish-mash of crap, and cable operators aren't likely to go on paying for that for very long unless it gets its act together.
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