Viacom Net Falls Apart

Posted: May 10, 2007 at 6:16 am

Net income at Viacom (VIA) fell 36% last quarter to $203 million. Revenue rose 16% to over $2.7 billion. The company tood a $56 million restructuring charge.

Revenue at the company’s media networks, which includes MTV, were up only 10%, a drag on results.

Douglas A. McIntyre

Read more: Earnings
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