Viacom Inc., owner of cable networks such as MTV and Nickelodeon, posted profit that topped analysts’ estimates amid improved television ratings, even as slowing advertising growth raised concerns for investors.
Viacom Inc., owner of the Paramount film studios and cable networks such as Nickelodeon and MTV, narrowly topped analysts’ profit estimates on higher fees from the cable companies that carry its programming.
Viacom Inc. Chief Executive Officer Philippe Dauman said the market is “starting to break” for broadcast and cable-television commercials sold in advance of next season, an improvement compared with last year.
Viacom Inc., owner of MTV Networks and the Paramount Pictures film studio, said first-quarter profit rose 38 percent as cable-TV ratings improved and fewer movie releases helped reduce operating expenses.
Viacom Inc., owner of the Paramount film studio and cable networks such as Nickelodeon and MTV, said fiscal third-quarter profit dropped 7 percent after advertising sales declined the most in more than three years.