Viacom Investor Sees Paramount Unit as Tracking Stock

New York Post: One activist investor is calling on Viacom to turn its Paramount movie business into a tracking stock to help unlock shareholder value. In a report released Friday morning, SpringOwl Asset Management’s Eric Jackson said the studio has been starved of cash and is undervalued. Any money it raises from a minority sale should be plowed back into the business, he wrote. “We think the best solution is to turn Paramount into a tracking stock.”