@ UBS Media Week: Viacom’s Dauman: Waiting For Mobile; No Acquisition Plans For Awhile

imageAsked about Viacom’s $8.5 billion in debt, Viacom (NYSE: VIA) President & CEO Philippe Dauman told attendees at the UBS Global Media and Communications (PDF) conference that the company is focused on organic growth and tended to avoid acquisitions for the past two years. The most notable one during that time was Harmonix, which brought the company the very successful Rock Band video game franchise.

As for mobile, there was a lot more talk about that platform last year, as media companies view it as “too experimental” for these tough times. Dauman went down a list of its offerings, but echoed earlier comments from fellow media exec Jeff Zucker, president/CEO of *NBC Universal*, saying that, “It will take time to move the needle on mobile. It won’t just jump up.” Full story on paidContent.org

Comments have been disabled for this post