Logo

Weak Advertising Market Sends Viacom Profit Tumbling 32%

Jul 27, 2009  •  Post A Comment

Second-quarter profit at Viacom plummeted 32% as revenue fell amid a weak advertising market, slower video game sales and fewer movie releases, the Associated Press reports.

Viacom earned $277 million, or 46 cents a share, vs. $407 million, or 65 cents a share, in the same quarter last year. Domestic ad revenue dropped 6 percent and international advertising was down 8%, the AP says.

–Tom Gilbert

One Comment

  1. I found a link to your site on another blog, and I should say… Your site is much better. You make the subject easier to understand, thanks

Your Comment

Email (will not be published)