You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Viacom earnings up 13 percent despite revenue drop

Continue reading below

Viacom, owner of the Paramount movie studio and cable TV channels like MTV and Comedy Central, said quarterly net income rose 13 percent to $650 million, or $1.26 a share, even as revenue fell 17 percent to $3.36 billion. Viacom cut expenses by 26 percent to $2.31 billion. Revenue at its cable business was flat at $2.29 billion, and operating income fell 3 percent as ad sales slowed.

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week