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81Confidential | For Discussion Purposes SpringOwl's 99 Page Presentation On Turning Around Viacom

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81Confidential | For Discussion Purposes Only |
 We Strongly Urge All Viacom Directors With Withhold Recommendations From ISS Last Year to Immediately Step
Down
 We Would Also Like to See New Directors Who Have Deep and Relevant Experience in Both the Media Worlds as
Well As in the Digital and Technology Worlds
 We Want to See Directors on this Board Who Actually Understand OTT and Where the World has Already Moved to
 The Directors Must Be Strong Independent Thinkers and not Beholden to Anyone from years of serving on the
Viacom board
 Viacom should also have shareholders with relevant experience on its board. Mario Gabelli has shown himself to
have several strong ideas on how to best create value at the company. A shareholder perspective should be part of
all board discussions
Step 2: Refreshed Board With Deep Digital /
Technology and Media Experience
If all aspects of our value creation plan are implemented by the company, we believe that
Viacom’s common shares may trade at between $65-95.90/share or up to 135% above
current levels.
81Source: SpringOwl Asset Management LLC

Publicado en: Empresariales
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