Viacom Quarterly Profits Fall

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Viacom Inc. reported a fiscal fourth-quarter profited that plummeted 71 percent compared with a year ago, the Los Angeles Times reports. Dragged down by poor performance at its Paramount Pictures unit, For revenue in the quarter ended Sept. 30 declined 15 percent from a year ago to $3.23 billion, and net income fell to $254 million, or 64 cents a share.

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