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Viacom Q4 Profit Falls On Cable Ad Revenue Shortfall

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Dips in overseas advertising revenue contributed to a decline in profit in Viacom’s fourth fiscal quarter
Viacom Inc. said net income in its fiscal fourth quarter fell as revenue slumped overseas and stayed flat with year-earlier results at its U. S. operations, even as the company showed improvement at its movie unit and notched gains in the money it gets from cable distributors. The New York owner of MTV, Nickelodeon and the […]

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