Sales at Viacom during its fiscal Q1 fell 16 percent...
Sales at Viacom during its fiscal Q1 fell 16 percent from a year earlier to $3.3 billion, while operating income fell 22 percent to $797 million, the company said. Most of the sales drop came from its filmed entertainment division,…
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which brought in $975 million, a 37 drop from a year earlier. At its media networks division, affiliate fee increases helped offset ad sales declines, leading to a 2 percent drop in revenue to $2.4 billion.