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.


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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