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  "documentTitle": "Viacom (VIAB)",
  "authorId": "18_SpringOwl",
  "authorName": "Eric Jackson",
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  "presentationDate": "2016-01-13 00:00:00",
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      "text": "For all That Money, Viacom's Stock is up 3% Over Those 5 Years vs. 64% for the S&P 500",
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      "text": "Source: 1. Bloomberg; Data: Company Fillings (10Q); 2. http://www.bloomberg.com/news/articles/2015-08-11/viacom-ceo-dauman-loses-3-4-billion-betting-on-his-own-company",
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      "text": "Over Same Period, Disney Has Spent $24.1B On Buybacks and Time Warner has Spent $21.2B On Buybacks. Disney's Stock is up 184% Over the Last 5 Years. Time Warner's Stock is up 100% Over the Last 5 Years.",
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      "text": "Viacom has Spent $15.2B in the Last 5 Years on Buybacks at an Average Cost of $60.62. For all That Money, Viacom's Stock is up 3% Over Those 5 Years vs. 64% for the S&P 500.",
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      "text": "Jason Hirschhorn, Former Chief Digital Officer of Viacom's MTV Unit in MediaREDEF",
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      "text": "What exactly are they doing to embrace the rapidly changing habits of youth culture.... Buybacks? Without a plan just buybacks at a loss.",
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      "text": "\"What exactly are they doing to embrace the rapidly changing habits of youth culture.... Buybacks? Without a plan just buybacks at a loss.\" — Jason Hirschhorn, Former Chief Digital Officer of Viacom's MTV Unit in MediaREDEF",
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      "text": "Current VIAB Stock (12/2015): 41.38; Value Destruction Per Share: (22.62); Total Value Destruction: ($1.8B)",
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      "text": "Leveraged Overpaying for Stock Buybacks",
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