Viacom, the Sumner
Redstone-controlled media conglom which houses Paramount
film studio and the MTV Networks suite of cable channels, joined a group
media companies participating in the growing economic recovery.
earnings on April 29, the company recorded a 37% rise in net earnings,
million, thanks to the better ad climate and rising subscription fees
pay-TV distributors. However, the company's film unit had a tougher
contributing to an overall revenue decline of 4%, to $2.79 billion, in
period. The results were in line with most analysts' estimates.