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>> VIACOM Latest News

AUG 06, 2014 - TheStreet

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Viacom Hits Lull Missing Expectations But Everyone Still Loves MTV

NEW YORK (TheStreet) - Viacom , the parent company of children's channel Nickelodeon, MTV and BET, encountered a lull this quarter. The company experienced declines in both total revenues and its filmed entertainment sector from the previous year. Viacom generated $3.4 billion in revenue, a 7% decline from last year's $3.7 billion. Although encountering a slight increase in the media networks sector, increasing 1% to $2.59 billion from last year's $2.56 billion, Viacom's filmed entertainment sector shrank 26% to $856 million from $1.2 billion. Shares fell 1.8% to close Wednesday at ... Read More

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