Viacom Surges After Buyback Program Boosted to $20B

Viacom Surges After Buyback Program Boosted to $20B Play

Aug. 2 (Bloomberg) -- Viacom, owner of cable networks MTV and Nickelodeon, surged in trading after the company doubled its stock buyback program to $20 billion -- more than half its market value -- and posted higher-than-estimated sales. Jon Erlichman reports on the company's growth and offerings on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

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