ON AIR
00:00:00 | 3:02:50

DONATE!

close

FROM THIS EPISODE

A perfect storm of problems has formed around the mass media company Viacom. The company has long depended on revenue from its cable networks, and three of them -- Nickelodeon, MTV and Comedy Central -- have all been underperforming in recent years. Netflix is part of the problem, as old shows that used to be guaranteed winners on cable are now being streamed online instead. The numbers for reality TV are also down, which hits MTV especially hard. Comedy Central is facing its own problems with its Daily Show host transition. Viacom has taken a $785 million write-down, as well as dealing with layoffs and reorganizations within its companies. The owner of Viacom, Sumner Redstone, appears increasingly frail, and the future for the company in a post-Redstone world remains unclear. 

Subscribe to the 5 Things To Do newsletter

Never miss the best of what to do with your free time.

 

More From Hollywood Breakdown

LATEST BLOG POSTS

Latest From KCRW

View Schedule

Events

View All Events

iTUNES SPOTIFY
AMAZON RDIO
FACEBOOK TWITTER

Player Embed Code

COPY EMBED