Viacom Sees 1Q Profit Fall on Foreign Exchange, Advertising Declines

Viacom said profit in its fiscal first quarter fell despite improved performance at its filmed-entertainment operations, as its flagship cable networks suffered a 6% decline in advertising revenue. The New York owner of MTV,. Comedy Central and Nickelodeon said net income came to $321 million, or 80 cents a share, compared with $537 million, or $1.33 […]

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