Viacom weighs selling minority stake in Paramount film unit

Viacom Inc is considering selling a "significant" minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday In the face of weak advertising sales and poor ratings at its cable networks, investors have been urging Viacom to sell all or part of the movie studio, saying possible buyers include Chinese firms and tech companies looking to develop original content. The entire studio, which Viacom says is in a rebuilding process after some high-profile failures, is worth $4 billion, Sanford Bernstein analyst Todd Juenger estimated this week. Viacom declined to say what percentage it might sell.