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A programming contract renewal with Dish Network (DISH) is “critical” for Viacom, says Deutsche Bank, which lowered its price target on the media and entertainment company. Viacom (VIA) stock has been beaten up since Walt Disney (DIS), when reporting earnings, warned about slowing revenue growth from affiliate fees, the payments that media firms garner from pay-TV companies. In response to competition from Netflix (NFLX) and complaints over rising Scalper1 News
Scalper1 News