22.02.2020 16:10:00

3 Reasons the New ViacomCBS Streaming Service Doesn't Make Sense

The headlines suggested ViacomCBS (NASDAQ: VIAC) (NASDAQ: VIACA) shares crashed on Thursday, because the company fell short with its fiscal fourth-quarter results. And to be fair, that news certainly helped to prompt sellers into action.I'm going to contend, however, at least a good portion of the sell-off reflected concerns about the company's new streaming service. Plans for the service, revealed in conjunction with the quarterly results, are aptly described in the words of LightShed media analyst Rich Greenfield: "It's a mess."Three specific reasons flesh out his overarching assessment.Continue reading
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