Viacom profit falls on lower revenue from movies
Jan 31 (Reuters) - Viacom Inc said on Thursday that quarterly revenue fell 16 percent to $3.3 billion mainly on weaker results from its Paramount Pictures unit.
The media conglomerate reported net income of $473 million, or 93 cents per share, for the first quarter ending Dec. 31, compared with $591 million, or $1.06 per share, for the same period last year.
The media conglomerate reported net income of $473 million, or 93 cents per share, for the first quarter ending Dec. 31, compared with $591 million, or $1.06 per share, for the same period last year.