dennis: rich, if you're a shareholder of viacom, don't you want viacom to do exactly this practice ofin the short term it is effective. in the long term it is unsustainable. therefore i ace problem for the industry, right? when it is unsustainable. people can't afford a 150 cable bill. at current rate of inflation it will be 4 or $500 ten years from now. people can't afford that. dennis: they're breaking the cycle. >> cable bundle has incredible value, unle you watch 4 or 500 hours of tv every day --. dennis: this fight is just beginning. i hope we getting back on air. rich and chad. thank you, gentlemen. >> thanks. >> thank you so much. dennis: breaking news. u.s. senate is now voting whether to confirm jack lew as the next u.s. treasury secretary. as soon as we know the official outcome of that vote which is pretty much expected, we'll bring it to you. >>> coming up on "money", new jersey goes all-in on internet gambling. we'll tell you why casinos and politicians across the country are readying their own bets. at the end of the day it is all about money. ♪ ♪ . dennis: governor chri

cablevision is suing cable channel giant viacom saying quote, viacom effectively forces cablevision's to pay for and receive little-watched channels. this case could set a precedent for a whole new way of paying cable a la carte. maybe even bring the bills down a bit. with me are media analysts. we have the ceo after small auts channel dropped by time warner cable last month. rich, thanks for joining us. let's start with you. do you think the lawsuit from cablevision which is going after a practice of bundling that has been in the cable industry for a couple of decades, could it have an impact? could it help break up the dial? >> i think so. chip dolan, who is the rodney dangerfield of cablevision ceos is on the side of the angels here because a lot of content owners are getting in between the way consumers want to consume media and the way artists make a living. capturing economic for themselves. innovation is different story. they're a different type of network. when you have a situation where in minneapolis viacom has very low ratings for black entertainment television and in new y

and mtv, allowing viacom to report better than expected profits. one of those cable companies, time warner cable saw its expenses go up in the fourth quarter. while it lost 129,000 cable t.v. subscribers, something the company called "disappointing." still, earnings were stronger than anticipated thanks to broadband internet customers. porter bibb is the managing parter at media-tech capital partners. porter a lot going on in this industry. what do these two companies tell you about what is happening first of all with media content like the vie comes of the world? >> well, viacom really has a lock on content, and the big loss that you referred to that they suffered in the fourth quarter was a breakdown in nickelodeon versus the disney channel. they also don't have jersey shore any more but today they announced that they are setting up cc studios, a production unit to create new content like catfish, the on-line dataing show that they hope will be another jersey shore. content remains the king and as time warner found out they report time warner cab

and mtv, allowing viacom to report better than expected profits. one of those cable companies, time warner cable saw its expenses go up in the fourth quarter. while it lost 129,000 cable t.v. subscribers, something the company called "disappointing." still, earnings were stronger than anticipated thanks to broadband internet customers. porter bibb is the managing parter at media-tech capital partners. porter a lot going on in this industry. what do these two companies tell you about what is happening first of all with media content like the vie comes of the world? >> well viacom really has a lock on content and the big loss that you referred to that they suffered in the fourth quarter was a breakdown in nickelodeon versus the disney channel. they also don't have jersey shore any more but today they announced that they are setting up cc studios a production unit to create new content like catfish the on-line dataing show that they hope will be another jersey shore. content remains the king and as time warner found out they report time warner cable h

directvv temporarily took viacom and nickelodeon off tte air during neggtiations..sinclair will continue to negotiate agreement beffre the deadline. -3 sinclairrhas reached hunnreds oo deels wwth direcct's -3& competitors iicluding dish network during the laas 18 optimistic with these negotiations. directv says -33 theee are the same unnecessary -3 threats, posing s warnings, thaa sinclair has mmae to frighten ustomers of othee - meantime, remember you caa watch our signal free over the air aad it's also avaiiable from dish networr nd your local cable company. you can -3 p47:52) "tte best hing to do is call directv. you are tte &pcustomerr thh customer is 3 always riiht. ou cannssy that you will switch, lettthem know you will switch. that will - difference." 3 direc-ttv also sayssthey are - pngaged in productiiee discussions wwth sinclaii -3 broadcast ggoou to retain theirrlocal stations. 3 coming up... shiiing the international spotlight... onnbaltimore. baltimore.the invitation that's been extendee... by thh committee. 3 bth - gun crimes have government officials gooee overboard with t

applause] and and the whackest revelation was yet to come from both network's parent company and mine viacom. >> the company came out and said that it had indeed been a hack hack attack. they admitted they staged the entire thing. it was a hoax. mtv tweeted saying we capfished you guys. thanks for playing. >> stephen: we were totally catfished. they made us fall in love by the fact that we were duped by synergies. summer redstone you crazy millenniael. this off the hook markets is certain to build brand awareness. i just hope this eyeball driving doesn't happen to my twitter feed and boot boost it 30%. let's check in with my director of teen out rich (bleep) so we'll check in with our director of teen outreach and internet security glenn. [cheers and applause] wassup, bro-ham. >> sorry to rustle your jitters but we were hacked by vh-1 classic. >> stephen: oh, snap. >> that (bleep) is craze. yolo. gman out! [laughter] >> stephen: glenn, everybody. [cheers and applause] what is that hip? nation, this is terrible, this is terrible. everyone quick go join my twitter page at stephenathome right n

and i could not be prouder that this show is a profitmaking tsunami for my parent company viacom. [laughter] make no mistake, i am the reason ceo philippe daumann can afford his daily saffron and rosewater scrotum dips. [laughter] fresh as a daisy, sir. fresh as a daisy. [ laughter ] so when corporate calls and says, "steveo we need a sponsor integration for halls mentholyptus on your show tonight," i say, "am i contractually obligated to?" they say, "yes." i say, "then i love it." [laughter] of course, i have to protect my reputation as a newsman. i can't be selling my name to the highest bidder. so instead i'm selling my intern's name. halls, get out here! [cheers and applause] so, how does it feel to be america's number-one cough drop, halls? >> my name is jay. >> stephen: not anymore. [laughter] okay, i've already filed paperwork to legally change it. >> so my legal name is halls mentholyptus? >> stephen: well, technically, it's halls mentholyptus with triple soothing action presents jay the intern. [laughter] >> does this mean i get paid now? >> stephen: absolutely-- you're g

founder of cable vision, founder of the ceo gym against red stone who controls viacom and cbs.orces cable vision to carry 14 barely watched channels that kale vision does not want before they carry bigger channels like mtv and comedy central. they pay for the big eight they want and plus $40 million more than for the 14 also ones they can do without. it's a serious complaint. cable vision is belatedly challenging what's been a standard industry practice for decades, and, in fact, a consumer class action lawsuit in 2009, cable vision was a defendant and defended the practices it now denounces, but it struck a nerve. enstandpointly, won public support from time warner, direct tv, charter, and even magic johnson saying his apyred channel is crowded out by bundling deals. more meths revealed as the lawsuit filed under seal is unwrapped this weekend. some say it's a ruse, and some want to renegotiate the deal signed in december or fire a warning shot to the next big channel owner that they have to negotiate with in the next round. tracy? tracy: dennis, thank you. ashley: interesting

taking on viacom and the take is how much you pay for cable. that's in the new jersey minute.racy: gambling coming to the garden state. you won't believe the tax on it though. how the world corp sighs fare against the -- currencies faring against the midst of our chairman being grilled. we'll be back. ♪ tracy: breaking news out of the apple event, adam, out in california, hey, adam. >> that's right. tim addressing the shareholders and the issue over the $137 billion cash in the bank and preferred shares this david wants the preferred shares, and the board had it to pull or withdrawal the issue to let shareholders vote on. that's coming back to life. tim cook said, and this is paraphrasing, this is the time of the meeting when i would have introduced item two, the item on preferred shares, but we have had to withdrawal it. we're committed to letting our shareholders vote on this proposal. what he's essentially saying is not today, but, eventually, and the court didn't take issue with the proposal itself, but the way it was bundled being a part of several issues that apple prese

now, with viacom and? this is probably the most common perception of l. ron hubbard. i think if you really work on an at some point in sap would've taken the money and run. he never did that. he spent his entire existence for the most part alone with those cans in his hand, selling activator, trying to find what was going on inside the vast universe inside his mind. that is how he passed all of this time in creating bureaucracy to support this amazing theology he had come up with. now l. ron hubbard died 27 years ago today. he was succeeded by a young man named david savage, who is 25 years old when hubbard died was not the designated competitor. he purposely took control of the church. his one great legacy also took place here. when l. ron hubbard died, he made a decision to not pay his taxes for the church of scientology. by 1993, the church of a billion dollars to the irs. it didn't have a billion dollars. it was an existential moment. thes. it was an existential moment. the church had to get a tax exemption and in order to do that, how to get the irs to recognize

and the other company and mtv said they were hacked and they are both owned by viacom. then is there was a lot of confusion on twitter and the company came out and said that it had indeed been a fake hack attack. they admitted that they had staged the entire thing. it was all a hooks. mtv then tweeted saying we totally catfished you guys. thanks for playing. so what happened then is that i spoke to twitter and they said they don't comment on individual hack attacks but they do work directly with companies and with brands to make sure that they do everything they can to protect their passwords. the key thing is twitter can't do anything to distinguish if a hack is real or fake. back over to you. >> apple's was hacked. employee computers were compromised but no data was actually stolen. the revelation coming on the same day the "new york times" published this same in-depth story. exposing a chinese army unit behind many cyber attacks on many u.s. and corporate government systems so what's the impact the spying and theft is having on u.s. companies, and how do you say it?

directv pemporrrily took viacom networks like comedy entral during negotiattoos.nnlair will ontinue to neggoiate wwth directv to reacc aa siiclair has reached hundreds of deals with irectv's ccmpetitors iinluding dish - network during the last 18 &poptimiittc witt these negotiitiins. direetv ssys -3 these are the same unnecessary 3 that sinclair haa maae to frighten customers of other pay tv providers. in the watch our signal free ovvr the aii nd ii's also availablee &pfrom dish network and your local cable company. yoo can also go one step further. sot (47:52))""he bess thing to dd is caal directv. you re the & customer. the customer s you will switthh let them know -3 you will ssitchh that will 3 one thing that will make a ddfference." 3 diieetv also sayy that they &ppre engaggd in ppoductive discussions wiih sinclair broadcaat group to retain their local stations. 3 ccming up... & 3 we've got your shot at winning 200-dollars... in our "freebruary" conttst.juss go to facebook ddt comm lashhfox -3 baltiiore to enter your name... then listen in for it ánext.á 3&p(

cablevision has filed a federal antitrust lawsuit against viacom for forcing it to carry low-rated channelsn for access to its stronger networks. now, we continue our countdown to the closing bell with liz claman in chicago over at the cme. liz? liz: dow jones industrials up about 112 points. just off the highs of the session. look, we just talked to kevin kelly, who is an executive search. we're talking about an executive shake up at rosetta resources and investors are not happy about it. let's get the story from nicole at the new york stock exchange. nicole? nicole: thanks liz. we want to take a look at this company obviously to the down side today. but when you talk about the chairman and chief executive is stepping down. this is effective tuesday. he served as ceo and president of the company back since 2007. who is going to be stepping up to the plate is actually the guy who is head of drilling and production. that change will be taking place. mr. limbacher will remain at the company until april to help the transition through. this comes a day after the company announced their quarterl

look at china mobile, for example, china mobile has a bigger market cap than news corp., disney, viacom and time warner together. take a look at the market cap of some of these companies here, look at amazon's market cap of $125 billion. google at, what, $280 billion. >> where are you bringing me, michael, on all these market caps? >> what i'm saying is that the world has changed dramatically. so, if you're asking me specifically, is lionsgate a takeover candidate, that's ultimately something that our board of directors would have to approve and also that would be something that our shareholders would have to approve. >> are you saying we have to look outside media? you have to look towards maybe even a bigger company out there, think outside the box, in other worlds? >> here's what i think, melissa. if you take a look at tablets and smartphones that have been sold in, that are working out there right now, active tablets and smartphones, there are 2 billion of those out there in the marketplace, approaching that. a billion of those have been sold in the last year. so, i think all those,

. >> viacom. >> say again? >> two no trump. >> got it.ayed bridge. >> we'll toss it over to bob pisani. here we are, it looks like we'll open well above the pricing. >> talk about an old favorite name, i'm the son of a home builder, i know boise cascade very well. this was a giant in the home building industry, giant in the plywood industry overall. they're using the old symbol, bcc. remember, they were taken private back in 2004. always i recall. it was madison dearborn that took them private. now they're coming back. price talk at 21. we don't know where it will open. price indication is about 25. so certainly going to be very nice play here. and it's simple. why the move up? why the timing? the housing industry, this is another great play on the housing business right now. and these have been very successful ipos recently. the real estate companies that went public, back in october, we're talking about great numbers since then. they opened at 27, as i recall. now they're around 344. so obviously the home building, the real estate play

being presented by viacom and pepco. we have business leaders stepping up to give back.ew young in atlanta with hank erin's wife and now it is the can't miss event every year. it's going to be the can't miss event in washington. >> this is meta williams she is an excellent spokes person for the united negro college fund. thanks for being here today. >> thank you for having us. fox rocks. >> i like that. tony, over to you. >> thank you very much. we appreciate that. still ahead this hour, beyonce easy electrifying half-time show. it is 8:40. we'll be right back.  ♪ [ male announcer ] we touch a lot of things throughout the day. so it's nice that clorox disinfecting products help kill the germs that can live on surfaces for up to 48 hours. ♪ feels sweet when i can touch you ♪ one made with only real cheese.. and dough that rises naturally. with no chemical leaveners. a pizza with premium meats. and sauce made from only real tomatoes. a pizza my family will love. (announcer) freschetta naturally rising crust pizza. freschetta. made better to

claudio, he the statement reads after having repeatedly examined my conscience before god, viacom to the certainty that my strengths, due to advanced age, are no longer suited to an adequate exercise of the petrine ministry. you would expect that a pope making this kind of historic announcement would have done so in a bigger fashion. >> reporter: yes, indeed. i mean, i have heard reactions from a few cardinals who didn't even know about it. the pope, making such a strong, important and unprecedented in modern times, decision, you would expect that he would have been talked to the cardinals first and made them aware. clearly, he hasn't. this is a decision that he has made personally and this has always been a low-key pope. he hasn't been the media star that john paul ii used to be. he has just tidecided to stay te to his character. and made the announcement not lock like such a big deal. >> claudio lavagna in rome. we will be check iing in with y throughout the morning. and now with more here is savannah. >> thanks, matt. >>> a consultant, thank you for being with us. >> hello. >> geo

deal with fox yesterday or the day before yesterday and a deal with disney before that and deal with viacomast cable and we've broken new ground with those companies in terms of how we will distribute the content on the platform and new devices we think is good for both. if you look at symphony, and results, whether local broadcast stations working with movies we come out with, promoting new shows or taking something like the olympics, was maybe the single best example of the whole company working together, we had the best olympics in nbc's recent history and maybe the best television event ever and it was on more platforms and more available. comcast cable had something like 15 million on demand olympic sessions during the olympics. we would never have done things quite like that had we not been one company. the there's many benefits. at the same time, it's only been two years and we're not satisfied we figured it all out and delight we're now 100% one company and make it's easier for the conversations as we go forward. >> i saw the leverage was clear at nbc in primetime. it tripled the ne

the man who runs the company not entertaining a number of questions in terms of the suit against viacom significant increases in programming costs, in overall expenses, and seeing pressure that is fairly significant pressure. in fact, in q1. what had been as much as 11% coming back a bit now, i wanted to update people again. not a great quarter to begin with. it seems to have exacerbated the fears for a very, very high-leveraged companies. that means it has a lot of debt. melissa? >> this has got to be one of the biggest drops for cablevision in a very long time. david, in the meantime, we want to call your attention to vatican city. pope benedict xvi stepping down after nearly eight years as pontiff after unexpectedly announcing his resignation on february 11th for health reasons. you can see him walking down the hall here. he's expected to depart vatican city by helicopter heading to castel gandolfo where he will take up temporary residence until his new residence outside of vatican city is complete. once he steps into the castel gandolfo, the doors will closed and it is complete. >>

for the privilege of living in a free democratic nation means paying higher taxes you can tell by viacom vincennes willing to pay for that. instead will be looking at kicking kids out of head start. such element, the focus of my question will be a little different. for military personnel aquinas protected from sequestration, would appear an important service supporting military families are not protected. so my question is what will be the effect of sequestration and military families? the spouses and children, quality-of-life of those loved ones who support our war fighter? for example, is it accurate to no cuts to the child development centers and impact each military schools will directly hit children of servicemen and women? so finally, what will be the impact on retaining our best and brightest members of the military when this fiscal mess means their jobs are more difficult and undermines the well-being of families, especially children. how do we keep our best and brightest, gentlemen? >> congresswoman, with a little over 19,000 civilian marines whose salaries come from appropriate

i met secretary vilsack and viacom when he was the ag attachÉ in did not.ver the past few years it seems the whole nation has been involved in the state of health care. and i'm sort of struck by the way that we as an agricultural community have not really been, i don't know, a part of that conversation on a national level about the relationship between a diet and health care in the united states. i would just like to hear from the leaders of the agricultural community, how can we better engaged in that conversation? what the things we can do going forward to try to help move that conversation in our direction? >> well, you know, there's been a concerted effort at usda on this particular issue, and perhaps it hasn't been couched in quite the same way that you have touched it, but there's a direct obviously a deep concern at usda about the health of the nation. it's one of the reasons why we put our my plate initiative to basically simplify what a healthy plate looks like, with half the plate fruits and vegetables, the other half proteins and so forth. we hav