Viacom down on restructuring
Viacom reported higher revenue big charges as new CEO Bob Bakish implements his turnaround plan. Net income fell to $121 million from $303 million a year ago. The results include restructuring and programming charges of $280 million. Adjusted net earnings were up 5 per cent. Revenues rose 8 per cent to $3.3 billion. Viacom’s media […]



