Aug 6 Viacom Inc, the owner of cable
networks MTV and Comedy Central and movie studio Paramount
Pictures, reported a 7 percent fall in second-quarter revenue,
hurt by fewer movie releases.
Revenue at Viacom's filmed entertainment unit, which
accounts for a quarter of total revenue, fell 26 percent in the
quarter ended June 30.
The company, which released the latest installment of its
hit "Transformers" series late in the quarter, said theatrical
revenue fell 43 percent due to the number and timing of movie
Net income from continuing operations attributable to Viacom
fell to $611 million, or $1.40 per share, from $647 million, or
$1.32 per share, a year earlier.
Revenue fell to $3.42 billion from $3.69 billion a year
(Reporting by Soham Chatterjee in Bangalore; Editing by Simon