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Viacom's net profit plunges 69% - Entertainment News, Entertainment Industry & the Economy, Media - Variety by Lost at 10:53 am EST, Feb 15, 2009 |
Viacom's net profit plunged 69% last quarter to $173 million as a dismal economy pummeled both the ad market and DVD sales and the company took a hefty charge for restructuring and layoffs announced in December.
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