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  "documentTitle": "Viacom (VIAB)",
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  "authorName": "Eric Jackson",
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  "presentationDate": "2016-01-13 00:00:00",
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      "text": "We Believe That Viacom is Significantly Undervalued Relative to its Peers and Assets and Can Deliver Material Returns Over The Long-term For its Shareholders With Changes Made to its Leadership and Board of Directors",
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      "text": "It is Our Belief There is a “Poor Governance” Discount Applied to this Company Relative to its Peers Due to Sumner Redstone’s Being an absent Chair and a perception of ensconced inferior management. We Believe Simply Removing the Overhang of the Absent Chair and Bringing in Improved Management Could Result in a Meaningful Re-rate of the Stock. There are still Considerable Operating Expenses Which Should be Cut to Bring Viacom Into Line With its Peers. The Viacom Platform Could Achieve Meaningfully More Ad and Affiliate Fee Revenue With More Hits Stemming From a Creative Culture Not Occurring Now. The Company Has Made Minimal Inroads Into OTT and Other Digital Platforms. It has Made Virtually no Digital Investments or Acquisitions. We Strongly Support Mario Gabelli’s Recent Public Comments Urging Company to Unlock Value",
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