MTV on the rocks, burgers abroad and YouTube ad outrage

The three major indices (^DJI, ^GSPC, ^IXIC) are higher through the first half of the day, but still trading in the same range they’ve been stuck in for a while.

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Here are some of the other stories Yahoo Finance is watching today.

I don’t want my MTV
Apparently not too many people want their MTV. Parent Viacom is taking a $ 785 million dollar charge to pay for layoffs and other restructuring as its channels lose viewers. Ratings data show that along with MTV, Nickelodeon and Comedy Central also saw a decline of about a third in their key audience demographics.

Burgers abroad
Call it American Graffiti meets Mao. The 1950’s themed hamburger chain, Johnny Rockets, says it is opening 100 new restaurants in China over the next decade. It’s the latest specialty U.S. burger joint to jump into the overseas market.

Ad outrage
YouTube is getting some heat for its new kids’ app. A group of consumer advocates telling the Federal Trade Commission the app targets young children with unfair and deceptive advertising and should be investigated.  YouTube parent Google says it consulted with partners and advocacy groups when it developed the app…and strongly disagrees with the complaint.

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