The acquisition gives control over the network to Viacom (nyse: VIA.B - news - people ), which delivered a first-quarter profit off the strength of its other cable networks, including MTV .
In stocks, more investment banks were out with improved earnings results, including Goldman Sachs (nyse: GS - news - people ), which posted better earnings off of strength in its bond business and more merger-and-acquisition deals, while Morgan Stanley (nyse: MWD - news - people ) also came in with better profits on fixed income.