Business

TV networks lift company’s profit

Revenue at Viacom’s filmed entertainment arm, which includes Paramount Pictures, fell 12 percent.

Mark Lennihan/Associated Press/File 2010

Revenue at Viacom’s filmed entertainment arm, which includes Paramount Pictures, fell 12 percent.

NEW YORK — Viacom said Thursday that its second-quarter profit rose 4 percent, boosted by strong results at its TV networks that offset a decline at its movie-making business.

Viacom chief executive Philippe Dauman noted during a conference call with analysts that ratings rose on a year-over-year basis at many of the New York company’s networks including Nickelodeon, Comedy Central, VH1, CMT, Spike, and TV Land.

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He added that Nickelodeon took the top spot among networks for kids age 2 to 11 for the second-straight quarter and posted a 4 percent increase in revenue, while two of its top competitors posted declines.

The company’s total advertising revenue increased 3 percent, while domestic advertising increased 2 percent. For the current quarter, the company expects domestic advertising growth in the ‘‘middle-single digits,’’ Dauman said.

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Meanwhile, total affiliate revenue increased 10 percent. Viacom is controlled by billionaire Sumner Redstone’s Dedham, Mass., company National Amusements Inc.

For the quarter, Viacom earned $502 million, or $1.13, up from $478 million, or 96 cents, a year earlier. Revenue edged up 1 percent to $3.17 billion from $3.14 billion. Analysts expected $3.19 billion.

Associated Press

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