Viacom Turnaround Seen as Unlikely in Next 12 Months

Barron’s: Wells Fargo analyst Marci Ryvicker and team have explained why they are downgrading Viacom to underperform from market perform, warning that they “don’t see how anyone can come in and successfully turn this company around over the next 12 months.” Viacom “has fallen too far too fast, in our opinion, especially in cable networks.”