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Reuters: Viacom earnings drop 37 percent; ad slump hurts

Started by chris, November 04, 2008, 12:59:12 AM

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chris

Viacom earnings drop 37 percent; ad slump hurts
      


NEW YORK (Reuters) - Viacom Inc , owner of MTV Networks and Paramount movie studio, reported a 37 percent drop in third-quarter earnings, further evidence major media companies are suffering from an intensifying advertising slump.</p><div class="feedflare">
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