Viacom Posts 8% Earnings Growth But Lower Ratings At Media Networks Drag Advertising Income

he company's revenues grew 4% to $3.34 billion but net income declined 9% to $500 million or $1.20 a share. However, adjusted earnings were up 8% to $1.29 per share. Viacom's media networks benefited from higher affiliate fees, but the company continued to see a drop in domestic advertising, which was down 6%. The company's filmed entertainment segment benefited from the success of Interstellar at the box-office and the segment revenues were up 6%.