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  "docSlug": "3544dfcc3316",
  "documentTitle": "Viacom (VIAB)",
  "authorId": "18_SpringOwl",
  "authorName": "Eric Jackson",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-01-13 00:00:00",
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  "pageNumber": 82,
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  "notes": "Part of a multi-step activist plan.",
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      "text": "If all aspects of our value creation plan are implemented by the company, we believe that Viacom's common shares may trade at between $65-95.90/share or up to 135% above current levels.",
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      "text": "If all aspects of our value creation plan are implemented by the company, we believe that Viacom’s common shares may trade at between $65-95.90/share or up to 135% above current levels.",
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      "text": "We Believe That in Order to Allow a Creative Culture to Sprout at Viacom Again, it Requires a New CEO\nThere Must Be a Break From the Past Lost Decade of Overpaying for Underperformance\nNothing Truly Will Happen to the Viacom Stock Price Until New Leadership Creates a String of New Hit Programming That Will Support Strong Affiliate Revenues and Ad Revenues\nThe Difference Between Viacom and CBS is The Difference Between Good and Bad Management With the Same Controlling Shareholder in Place\nViacom's EV/EBITDA Multiple is 6.8x vs. CBS' of 10.0x\nThe Potential Re-rate for \"Good\" Viacom Management Could be $13.2B in Market Cap or Approximately $38/Share",
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      "text": "EV/EBITDA multiple: 135%",
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      "text": "Source: SpringOwl Asset Management LLC",
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      "kind": "title",
      "text": "Step 3: New Viacom Leadership At The Top",
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