UPDATE 2-Viacom posts loss on charges; cable networks up
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Viacom Inc. (VIAb.N: Quote, Profile, Research) (VIA.N: Quote, Profile, Research) on Thursday posted a quarterly loss on charges related to the spinoff of video rental chain Blockbuster
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Media conglomerate Viacom Inc. on  Wednesday posted a 27 percent rise in second-quarter profit,  beating Wall Street estimates, on advertising sales growth at  its MTV Networks, boosting its shares nearly 4 percent.
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Plus: AT&T profit rises...Samsung SDI swings to loss...Outstanding earnings for Apple...Xerox profits from color printers.
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Digital video recorder maker TiVo on Thursday reported a wider quarterly net loss as it increased spending to accelerate subscriber growth.
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3Com (COMS: news, chart, profile) reported a loss of $35.5 million, or 9 cents a share, compared with a loss of $106 million, or 29 cents a share, in the same period a year ago.
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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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The Cablevision Systems Corporation, the countryâs third-largest cable operator, reported a loss of $23.9 million last quarter.
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Viacom Inc. , owner of the Paramount film studio and MTV Networks, said on Thursday quarterly profit nearly quadrupled, helped by its purchase of the DreamWorks movie studio and hefty year-ago charges.
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Plus: Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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Comcast Corp , the largest U.S. cable TV operator, posted a 54 percent drop in quarterly net profit as fierce competition caused it to lose more basic video subscribers than expected, sending its shares down 10 percent on Thursday.
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Blockbuster Inc. BBI.N on Wednesday  posted a $1.42 billion quarterly loss due to large impairment  charges prompted by Viacom Inc.'s VIAb.N spin-off of the  video chain and also said its chief operating officer was  resigning.
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Viacom Inc., owner of Paramount  Pictures and MTV Networks, said on Thursday its quarterly  profit nearly quadrupled, helped by its purchase of the  DreamWorks movie studio and hefty year-ago charges.
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Leading U.S. cable company's results impacted by cost to lure subscribers.
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Plus:  TiVo swings to a loss...HP profit gains on cost cuts, cheaper components...Dell execs skewed numbers to meet earnings targets.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook.
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Plus: Write-downs widen DirecTV's loss...Time Warner net income slips...Cell phone unit shores up Verizon.
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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.