Viacom's net profit plunges 69% - Entertainment News, Entertainment Industry & the Economy, Media - Variety
Topic: Business
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.
