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Viacom reported a 3 percent drop in revenue for the third quarter to slightly more than $3.3 billion, while net earnings rose 15 percent to $463 million, compared to the same period in 2008. Full Article at MediaWeek
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Viacom reported a 3% drop in third-quarter revenue, with a 14% increase in operating income and a 24% rise in adjusted net earnings. Full Article at Multichannel News
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NEW YORK -- Viacom Inc. reported third-quarter profit gains as cost controls helped offset a slight revenue decline amid mixed trends in the film and TV networks units. Full Article at Hollywood Reporter
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Viacom's profit jumped 15% last quarter to $463 million, buoyed by a newly energized Paramount, where "Transformers: Revenge of the Fallen" and "G.I. Joe: Rise of the Cobra" boosted earnings by $88 million. Full Article at Variety
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New York Governor David Paterson said the state's budget deficit this year may reach $3 billion, up from $2.1 billion the Division of Budget estimated July 30... Personal income tax collections are down about 35% rather than the projected 15%, Paterson said.
SOURCE: Safehaven
