Viacom Profit Up 271%, Helped by Studio Acquisition and Strong DVD Sales
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Fourth-quarter profit rose 271 percent, buoyed by the purchase of DreamWorks SKG and DVD sales of âOver the Hedge.â
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Media conglomerate Time Warner Inc.  said on Wednesday quarterly profit rose 34 percent, boosted by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales.
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The company said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees.
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Netflix Inc , the largest  online DVD rental company, reported on Monday an unexpectedly  higher quarterly net profit despite increased competition for  subscribers from rival Blockbuster Inc.&#39;s  growing  online service.
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The Internet media company's quarterly profit was boosted by stronger online advertising and its acquisition of Overture Services.
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Viacom Inc., the media conglomerate, said Thursday that profits grew 11.6 percent in the third quarter because of a jump in advertising at its cable and television networks.
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Profits at Time Warner, the world's biggest media group, are boosted 76% by ad revenues and high-speed internet sales.
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The Sony Corporation reported a 61 percent increase in net profit for the most recent quarter, as &quot;Spider-Man 2&quot; pulled in big profits for the company&#39;s movie division and helped
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30  percent, boosted by asset sales, more digital cable and phone  customers, and a rise in AOL advertising sales.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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The multimedia entertainment retailer doubles earnings despite poor book sales and video rentals.
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Viacom Inc.  agreed to sell its Famous Music publishing business to Sony/ATV Music Publishing for about $370 million, the Wall Street Journal reported on its Web site on Wednesday.
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Viacom Inc., the third-largest US media company, said third-quarter profit from continuing operations rose 12 percent, boosted by advertising gains at CBS and MTV.
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Viacom Inc. VIAb.N on  Thursday said its quarterly profit from continuing operations  rose 12 percent on higher cable network advertising sales and  announced a larger-than-expected stock repurchase, sending its  shares up 3 percent.
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Comcast Corp. , the leading U.S. cable operator, posted higher quarterly profit and revenue on Thursday, helped by strong growth in subscribers across its video, phone and high speed Internet services.
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Cisco Systems' profits jump 40 percent jump as cable operators and phone companies upgraded their networks to carry more video services.
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MIAMIâCarnival Corp.&#39;s fiscal third-quarter profit increased 40 per cent as higher ticket prices spurred strong revenue growth.