Viacom Donates $1 Million To Hurricane Sandy Relief Efforts
Viacom Inc. (NASDAQ: VIAB, VIA) today announced a donation of $1 million to help victims of Hurricane Sandy. Viacom will donate $500,000 to the Mayor's Fund for NYC and$500,000 to local organizations for relief and rebuilding efforts in Connecticut, Long Island , New Jersey and Westchester County. In addition, Viacom has set up a $1 million employee matching gift program with The American Red Cross, which will give Viacom employees the opportunity to maximize their personal contributions.
With global headquarters in New York's Times Square and operations in downtown New York City, New Jersey and on Long Island, Viacom has more than 4,000 employees who live in the communities directly impacted by Hurricane Sandy.
Viacom President and Chief Executive Officer, Philippe Dauman, said, "The devastation from Hurricane Sandy is unprecedented and has left so many struggling to rebuild their lives. Viacom has always had a strong relationship with the communities it serves and we are proud to step forward once again to help those in need. In addition to these efforts, Viacom's media brands are mobilizing behind Hurricane Sandy relief efforts in ways that are most impactful and meaningful for their audiences."
Viacom also announced the creation of a Viacommunity Employee Relief Program to directly assist Viacom employees who have been severely impacted by the storm.
"As we reach out a helping hand to our neighbors in the communities where we live and work, we also want to take care of our own employees," Mr. Dauman added. "Like millions of people in the devastating path of Sandy, some of Viacom's employees have experienced enormous hardships including severe damage or loss of homes and other property. The Viacommunity Employee Relief Program will offer logistical assistance as well as aid to employees dealing with critical issues related to the storm."
Viacom is home to the world's premier entertainment brands that connect with audiences through compelling content across television, motion picture, online and mobile platforms in over 160 countries and territories. With media networks reaching approximately 700 million global subscribers, Viacom's leading brands include MTV,VH1, CMT, Logo, BET, CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, COMEDY CENTRAL,TV Land, SPIKE, Tr3s, Paramount Channel and VIVA. Paramount Pictures, celebrating its 100th year in 2012 and creator of many of the most beloved motion pictures, continues today as a major global producer and distributor of filmed entertainment. Viacom operates a large portfolio of branded digital media experiences, including many of the world's most popular properties for entertainment, community and casual online gaming.