Viacom's Philippe Dauman showing Tom Freston & Les Moonves how it’s done

-YOSH With the prediction by some analyst on Wall Street that the media industry is in the shitter, we never thought we would hear of one media company that is actually looking good on paper. Viacom, of all media companies, is sitting pretty in the black, thanks to cable and movies. It looks like the apple of Sumner's eye, Philippe Dauman, coming in to tighten things up is paying off, and somewhere in the hills of Hollywood, old man Sumner Redstone is doing naked back strokes in his pool as Paula looks on with a "WTF" expression on here face. Anyway with Viacom looking sweet, overpaid analysts have nothing but nice things to say. Martin Pyykkonen, an analyst with Global Crown Capital says: “What I like about Viacom is that they are not going out and doing these multi-billion dollar deals. They have not made splashy acquisitions but they have done some smart things with their brands online" Frederick Moran, an analyst with Stanford Group, adds: “Viacom has clearly begun its financial comeback. I suspect you will see accelerated growth in the fourth quarter and through the early part of 2008 despite general softness in advertising,” Moran said. “The only thing that could sidetrack it would be major economic slowdown. Viacom’s stock should outpace other major media companies for the next couple of quarters.” Viacom “transforms” into a winner [CNN Money]