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Viacom: Overall Earnings Up, Ad Revenue Down

Viacom's first-quarter earnings "more than doubled" overall, compared to the "year-earlier period that was bogged down by charges associated with a huge legal settlement," writes Saabira Chaudhuri. But there was a sharp 6% decline in "domestic and worldwide advertising revenue," with the domestic decrease "driven by lower ratings" at "big Viacom networks like MTV and Nickelodeon."

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