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Viacom with 12% profit decrease

The profit of the U.S. media company Viacom declined for the quarter to 31 December, which is a fiscal first group, 12% because of weak sales of DVD unit Paramount Pictures. The earnings of Viacom are 610 million dollars, or $ 1 per share, compared to 694 million dollars or 1.14 dollars per share, a year earlier. The revenue fell 4.8 percent to 3.83 billion dollars in the expectation of 4.07 billion dollars. In addition to Paramount company also owns television channels like MTV and Comedy Central, which is performing well. Revenue there grew by 5.6 percent, and profit - by 7%. advertising revenues of television unit increased by 10% in the U.S. and 7% globally. The rival of Viacom - Time Warner, however, reported very strong growth - with 21% in advertising revenue for your business with TV channels. The revenues of Paramount Pictures fell 16% and profit - by 77%.