Viacom's Cable Channels Help Boost Q1 Earnings

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Viacom, the Sumner
Redstone-controlled media conglom which houses Paramount
film studio and the MTV Networks suite of cable channels, joined a group
of
media companies participating in the growing economic recovery.

Reporting first-quarter
earnings on April 29, the company recorded a 37% rise in net earnings,
to $243
million, thanks to the better ad climate and rising subscription fees
from
pay-TV distributors. However, the company's film unit had a tougher
time,
contributing to an overall revenue decline of 4%, to $2.79 billion, in
the
period. The results were in line with most analysts' estimates.

Click here for the full article on Broadcastingcable.com.

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