Even with 2009's tough financial climate, Viacom saw net earnings up 29% to $1.6 billion. The stock is not far off a 52-week high. And "Jersey Shore: Miami" looks to be a coming hit. Those factors -- and maybe having to deal with Sumner Redstone -- have helped CEO Philippe Dauman gain a five-year contract extension, through December 2016. He took over in 2006. Viacom said the majority of Dauman's compensation "continues to be in the form of performance-based awards, which are subject to the achievement of a combination of specific operational and financial targets and shareholder returns."

CNN needs a ratings lift? Larry King has Jane Fonda scheduled for his show tonight on CNN. Cancel that. The guest everyone wants to hear from -- not Tiger, Jesse, Spitzer, Edwards or Bruce -- but Larry himself. Word breaking this AM that the King of Talk is accused of having an affair with the younger sister of his wife for 13 years. King's 76, the younger sister 46.

MyNetworkTV will no longer have wrestling or a movie night when it launches its new season in the fall. Its line-up will have dramas every night but Tuesday. Here's the schedule: Monday 8:00- 9:00 p.m. --- “Law & Order: Criminal Intentâ€� 9:00- 10:00 p.m. --- “Law & Order: Criminal Intentâ€� Tuesday 8:00- 8:30 p.m. --- “Are You Smarter Than A 5th Grader?â€� 8:30- 9:00 p.m. --- “Are You Smarter Than A 5th Grader?â€� 9:00- 9:30 p.m. --- “Don’t Forget the Lyrics!â€� 9:30- 10:00 p.m. --- “Don’t Forget the Lyrics!â€� Wednesday …

DirecTV and Dish Network settled a federal case, where DirecTV charged Dish with running misleading spots claiming to offer the same programming at a better price. DirecTV wrote in court papers that Dish “flooded the airways with this false advertising.� Dish countersued, alleging DirecTV was airing its own misleading advertising about HD channels. Spots in that effort featured David Spade, singer Christine Aguilera and James Lipton. The settlement applies to both the suit and countersuit. Representatives for DirecTV and Dish declined to comment on terms.

The economy may still be on the ice for some – but don’t tell the NHL that. It says sponsorship revenue for the sport is up 20% for the 2010 Stanley Cup Playoffs. The league says it has signed on seven new partners and renewed agreements with an additional five partners. New and returning sponsors including Anheuser Busch, Reebok, Bridgestone, Hershey’s – Canada, Bell Mobility – Canada, Honda, PepsiCo-Canada, Visa – Canada, and Starwood Hotels. NHL says a lot of gains have been made by pushing big events, the Stanley Cup Playoffs for one but also the wildly-successful …

Wahlstrom, the Yellow Pages, directory and search specialty unit of Interpublic’s Mediabrands, has hired Kathleen DeCaire-Aden as CEO from CEO of Publicis’ SMG Directory Marketing unit. DeCaire-Aden will be part of the Geomentum executive committee, reporting directly to Geomentum CEO, Dave Walker. Geomentum is the hyper local media and marketing division underneath Mediabrands that oversees most of its local media operations. .

Google just upgraded its Google Docs editors, which, according to eWeek, rewrites the apps’ code with HTML5 and accelerates the apps to improve the user experience. Of key importance, the word processing, spreadsheet and presentation apps have also been optimized for Google Android, Apple iPhone and RIM Blackberry smartphones. “For the most part, the Docs viewing experience should [be] as good on smartphones as it is on the desktop, thanks largely to the Docs rewrite,â€� Anil Sabharwal, enterprise product manager for Google Docs tells eWeek. Google CEO Eric Schmidt recently encouraged enterprises to consider mobile devices first when building …

Greycroft Partners just closed its second fund. Dubbed Greycroft II, it has $130.7 million to burn, and is led by Greycroft founder Alan Patricof, Dana Settle and Drew Lipsher, along with Ian Sigalow, who has promoted to partner. “It’s a case of second verse, same as the first with plans to continue investing in early-stage digital media companies that deliver products and services online or through a wireless device,â€� reports paidContent. Settle will reportedly continue to run the LA office, while the others will still be based in New York. The key different between the two funds, notes paidContent, …

Blogger Robert Scoble talks with Loic Le Meur, CEO of Twitter client Seesmic, about the pressures of operating in such a volatile ecosystem. Making Seesmic’s prospects more uncertain, “Twitter [recently] announced it will compete with the client partners [including Seesmic] it so famously enabled,â€� Scoble notes. As The New York Times reported earlier this week: “Developers fear that if Twitter’s engineers build the same features that they have, Twitter could transform overnight from generous benefactor to arch competitor to their start-ups.â€� Taking the side of the developers and startups, Scoble suggests that Twitter should have given the upstarts more …

Limited Brands, the Columbus, Ohio-based parent of Victoria’s Secret and Bath & Body Works, is expanding internationally. In Canada, it will create a new company, Limited Brands Canada, based in Montreal, to oversee strategic expansion there, including La Senza, Bath & Body Works, Victoria's Secret Pink and Victoria's Secret, which will launch later this year. Joanne Nemeroff, currently president of La Senza, its Canadian lingerie chain, will also be president of the new company. Additionally, the company announced a franchise partnership with M.H. Alshaya, Co. to operate Bath & Body Works stores in the Middle East.--Sarah …