BRIEF-Viacom said it plans to purchase $700 million in stock for the quarter ending December.

Thu Nov 15, 2012 9:36am EST

Nov 15 (Reuters) - Viacom Inc : * Said it plans to purchase $700 million in stock for the quarter ending

December. * Said it plans to purchase $2.5 billion in stock in fiscal 2013. * CEO expects sequential improvement in ad revenue but will not be in positive

territory this quarter

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