VENTURE CAPITAL POST

The video messaging application stroke a deal with Viacom on Tusday. Snapchat will be able to hit the mainstream as Viacom will sell its advertising, and Viacom is able to enter the Internet market.

E.F. Greenberg, representing other investors, sued Viacom, CBS, and some of their executives for prioritizing the interest of its 92-year-old executive chairman, Sumner Redstone, more than its shareholders.

The concerns about the future course of Viacom among its investors led the continuous drop in stock on Nasdaq. The latest watching ratings on Viacom's MTV, Nickelodeon, Spike and Comedy Central steeply fell when compared to its competitors. This has created doubts among the company's investors, who resorted to offload their holdings on Nasdaq exchange.

Investors in some top U.S. media companies have had a rough ride as their shares have lagged the rest of the market. You just wouldn’t know it if you looked at the bank accounts of their top executives.

U.S. media company Viacom Inc (VIAB.O) said it will undertake a restructuring, including cutting jobs, abandoning some acquired titles and reorganizing three of its domestic network groups into two new organizations, to drive growth.

The world's largest retailer is likely to provide an update on its layaway program's results and on early indications of whether shoppers are taking to its first holiday specials. Wall Street is waiting to see whether Wal-Mart again cuts its fiscal year forecast.

Actor William Shatner told an audience at the Salt Lake Comic Conference on Friday that he may appear as guest on TV series "Big Bang Theory".

Miley Cyrus, Justin Timberlake, Lady Gaga, and other performers of the 2013 Music Television Video Music Awards saw a spike in iTunes charts and singles, album sales.