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Fly News Breaks for November 29, 2018
VIAB
Nov 29, 2018 | 07:20 EDT
Goldman analyst Drew Borst initiated Viacom with a Neutral and $34 price target saying new growth initiatives show promise, but core cable networks remain pressured. Borst has concerns whether the company can return and sustain growth in US advertising and US affiliate fees given continuing declines in TV ratings and significant 1H 2019 carriage renewals with AT&T.
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