“Advertisers in a few categories, such as retail, automotive, and certain consumer goods, pulled back their on-air spending as they adjusted their own operating plans and product launches,” Viacom Chief Executive Philippe Dauman said. “Low ratings at a few of our networks also contributed,” he said, citing BET. The company did not issue a third quarter US ad sales projection.

Viacom net earnings from continuing operations climbed 3 per cent in the second quarter, revenue advanced 21 per cent to $3.86 billion for the quarter ended June

Other posts by :

1. Bank: LBG Media results “in line”
2. WBD: Surprise, surprise… not
3. SpaceX to lose Moon Lander contract?
4. Arianespace 64 delayed – again
5. Oman’s Spaceport ready for fast-track launches
6. Bank uplifts RocketLab
7. AST SpaceMobile’s BlueBird/FM1 en route to India
8. D2D satellite battle hots up
9. Eutelsat share price rockets

Categories: Advertising, Articles, Results, Rights