Nov 03, 2009

Viacom reported a 3 percent drop in revenue for the third quarter to slightly more than $3.3 billion, while net earnings rose 15 percent to $463 million, compared to the same period in 2008.   The company attributed the revenue decline primarily to lower sales for both home entertainment and advertising. The profit bump was aided by expense reductions totaling $186 million.   Viacom CEO Philippe Dauman said the recessionary trends are "beginning to attenuate," and that the...More