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Viacom posts drop in second-quarter net income, in part due to lower revenue from Paramount

Viacom posted an 18 percent drop in second-quarter net income Wednesday due to lower revenue, especially from the filmed entertainment division that includes Paramount Pictures.
It’s a tough comparison to last year, when Viacom was raking in proceeds from “Mission Impossible — Ghost Protocol,” and the company actually surpassed Wall… …read more
Source: NY Post

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Posted by on May 1, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.