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Viacom Stock Soars To 19-Month High

Viacom Inc. stock rose to a 19-month high Tuesday after a report said the media and entertainment conglomerate is considering the sale of all or part of its Simon & Schuster book publishing unit.

The Wall Street Journal said Viacom might sell or spin off Simon & Schuster. The Journal report and an earlier one in the New York Post said a deal was not imminent.