Viacom hearts Veterans…

Today is Veteran’s Day which means that it’s one of those odd days when the markets are open, but the SEC is closed. Today also happens to be the day when Viacom (VIA) announced that it would release its third quarter earnings, which it reported this morning. We’ll let others handle the earnings news (though we loved this headline about Jersey Shore lifting Viacom’s profits). We’re much more interested in the 8-K that Viacom filed the other day to explain why it wouldn’t be filing an 8-K today:

Due to a federal holiday, on November 11, 2010, the Securities and Exchange Commission’s (the —SEC) EDGAR filing system will not be accepting electronic filings. As a result, on November 9, 2010, the Company determined that it will post a copy of its Transition Report on Form 10-K for the nine-month fiscal year ended September 30, 2010 (the —Form 10-K) in the —Investor Relations section of its website at on November 11, 2010, immediately following its teleconference call. The Company intends to furnish the press release, teleconference call transcript and related earnings presentation on a Form 8-K, and file the Form 10-K, with the SEC on November 12, 2010.

You just have to wonder how many lawyers were involved in preparing that statement. My guess — and it’s really just a guess — is five. Of course, there’s a much bigger problem with furnishing earnings on a website. We tried several times to load the earnings release and it quickly became clear that too many people were also trying to access the release at the same time, since it wouldn’t load in any of the browsers we tried.

Image source: By User Petaholmes on en.wikipedia via Wikimedia Commons


Now that the bulk of the third quarter Qs are in, we’re going to try something new and host a conference call to summarize some of the things we—ve found in the third quarter Qs. The call begins at 11 am est tomorrow and we only have 15 spots left. If you’re interested in participating, be sure to sign up by clicking here and we’ll send you the details. If you’re unable to participate in Friday’s call, but want to get an early heads up on the next time we do something like this, you can simply send me an email here