ViacomCBS Shares Collapse Following ‘Strategic Update,’ Weak Q4


ViacomCBS shareholders may be wondering if the reunification of Viacom and CBS Corporation isn’t as good of an idea as welcoming East Germany back to West Germany was nearly thirty years ago.

Revenue dipped 3% in the fourth quarter, as the combined company swung to a net loss of 32% lower OIBDA.

With a closing price of $29.29 (down $6.38 from Wednesday) on volume of 43.7 million, it could be a challenge for ViacomCBS to climb out of this hole.

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