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Fitch: Viacom's 'BBB+' IDR Unaffected by $785MM Charge

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CHICAGO--(BUSINESS WIRE)--Viacom, Inc.'s (VIA) 'BBB-' Issuer Default Rating (IDR) will not be affected by the company's announced pre-tax charge of $785 million during the second fiscal quarter of 2015. This charge follows Viacom's strategic realignment announcement to improve operational efficiency in the midst of a changing media consumption market. Approximately $430 million of the $785 million charge is related to write-downs of underperforming programming (non-cash) and the remainder is re

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