Thanks, Howard SternAnd now? It's down almost 10% this year, despite the modestly rising trend of the market. That drop is due largely to the negative publicity generated by a couple of out-of-bounds shows that led congressmen, in an election year, to call hearings on the problem of indecency.
Viacom's 'Sins'Viacom's so-called crime against decency is more direct: It owns MTV, which produced the notorious Super Bowl halftime show featuring Janet Jackson. It also owns CBS, the network on which the show aired, and Infinity Broadcasting, which syndicates the Howard Stern show, not to mention many radio stations that carry the show.
|Decent Returns From Indecency? |
If making money is wrong, these stocks may not be right.
|Company||Market Cap||March 2 Close||% Change YTD||My Target|
|Clear Channel (CCU:NYSE)||$26 billion||$43.61||-6.9%||$55.00|
|Viacom (VIA.B:NYSE)||68 billion||39.53||-11.2||46.00|
|Source: MSN Money|