Viacom Warns of Profit Shortfall - News Summed Up

Viacom Warns of Profit Shortfall


The owner of Paramount Pictures and cable channels like MTV and Comedy Central said it now expects per-share earnings between $1 and... Viacom Inc. on Friday said profits for the current quarter could fall more than 25% short of expectations because of the disappointing performance of the latest “Teenage Mutant Ninja Turtles” movie and a delayed video-on-demand agreement, caused in part by the company’s recent management dispute.


Source: Wall Street Journal June 17, 2016 12:42 UTC



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