Current event business articles relative to managerial accounting - Essay Example

Download file to see previous pages s the advent of internet shifted many of young audience’s attention from the traditional TV shows of Viacom to internet base videos and intensified competition. The lack of measurement tool also contributes to the shrinking number of its share in the market. Nielsen, a rating provider does not count shows that are watched in its main audience ratings.
To save the company, Viacom employs the traditional managerial accounting remedy to stop the company from “financially bleeding”. It tried to cut its cost by around $250m a year which means firing many executives. To increase the value of its declining stocks and revive its share price, Viacom is also borrowing to buy back stock and increase the dividend. It is also trying to expand its operation outside of United States and buy ones ...Download file to see next pagesRead More