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Viacom Q3 profit falls

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Viacom has reported weaker-than-expected revenue for the third quarter, hurt by lower revenue from its movie business. The company, which operates popular TV channels including MTV and Nickelodeon, was also hurt by a fall in its US advertising revenue. Revenue from Viacom’s studio business, which includes Paramount Pictures, fell 44 per cent to $479 million(€439m). […]

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