Viacom, which is exploring a merger with CBS, missed analyst forecasts for quarterly revenue on Thursday due to steep declines in US advertising and sales through cable and satellite companies. The New York-based media company, which owns Comedy Central, Nickelodeon and MTV, said domestic ad revenue slumped 5 percent in the three months through Dec....
Viacom, which is exploring a merger with CBS, missed analyst forecasts for quarterly revenue on Thursday due to steep declines in US advertising and sales through cable and satellite companies. The New York-based media company, which owns Comedy Central, Nickelodeon and MTV, said domestic ad revenue slumped 5 percent in the three months through Dec....
Share this Article
Recommended