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Viacom says it seeks minority investor in Paramount

FILE - In this July 8, 2015, file photo, people pass by the main gate to Paramount Pictures on Melrose Avenue in Los Angeles. Embattled media company Viacom says it has begun a process to find a minority investor for its Paramount Pictures movie studio, heeding calls from activist investors frustrated at the Viacom’s sagging performance. Shares immediately rose about 3 percent to $38.06 in midday trading Tuesday, Feb. 23, 2015.(AP Photo/Nick Ut, File)NEW YORK (AP) — Embattled media company Viacom says it's searching for a minority investor for Paramount Pictures, heeding calls from investors frustrated at the sagging performance of its movie studio.




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