Viacom profit falls on lower revenue from movies

Thu Jan 31, 2013 7:10am EST

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.

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