Actually, 1.5% is $420 million. Besides the other stuff they got wrong in the article, they're not very good at math! Viacom's Market Cap - share price times number of shares floated - is $28.03 Billion. So yes, a 1.5% drop in price is $420 million. Chump change when you consider that a 1.5% drop in Apple is $11.1…

The effect Stewart's departure had on the stock was zero. By the
time Stewart announced he was leaving the show, VIA had already dropped
22% off their 52-week high. It's been dropping steadily since
mid-July. The problem is their earnings and forward guidance, not the
status of the host of a single show. When…