[Bubba Ho-Tep]

The biggest swipe at management, though, was Juenger’s claim that the alleged death rattle could have been averted had Viacom spent the $14.5 billion devoted to share buybacks since January 2011 on assets to prepare the company for change. “Instead, with that cash, they could have acquired some combination of: Lionsgate, Starz, AMC Networks, and/or a handful of [YouTube-affiliated channels] such as Maker Studios,” he said.

Another company playing games to boost stock prices and enrich the major shareholders and executives instead of building a sustainable business. And when it all goes under, leaving thousands out of work, the executives will shrug, say they did all they could, and then go hit the golf course.

[GeronL]

$14.5 billion would have been thrown down the drain if they had done that stuff. They ruined themselves by moving so far left they have the homo agenda front and center on childrens sit-coms.

“Sustainable” is not the word for that drift.