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Viacom Announces $3 Billion Stock Purchase Program For Post-Separation "New" Viacom

Viacom Inc.’s board of directors has approved a stock purchase program under which the new post-separation Viacom Inc. is authorized to acquire from time to time up to $3 billion of its class A and class B common stock. The program will commence following the separation of Viacom into two publicly traded companies, which is expected to be completed December 31, 2005.

[Source: Viacom]

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