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Article: Earnings Preview: Viacom to report 3Q results
- Article from:
- AP Online
- Article date:
- November 2, 2009
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Viacom Inc., the media conglomerate controlled by Sumner Redstone, reports third-quarter earnings before the market opens on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: The continuing ad slump is expected to hurt third-quarter revenue at Viacom, which owns Paramount Pictures, cable properties including the BET and MTV cable networks and the "Rock Band" video games. But Wall Street anticipates a slight improvement in earnings as game and film sales improve.
The market research firm NPD Group said September game sales showed a year-over-year uptick of 1 percent after six months of double-digit ...