Viacom grew its full-year U.S. affiliate revenue, 'driven by the extended reach of Viacom's distribution across more viewing platforms'
Viacom, the company behind Paramount Pictures and such cable networks as MTV, Nickelodeon, BET, Comedy Central and Paramount Network, on Thursday reported better-than-expected fiscal fourth-quarter earnings and a return to a full fiscal-year profit for the Paramount studio for the first time in several years.
Paramount had recorded an adjusted operating loss of $39 million for the previous fiscal year ended in Sept. 2018 after an operating loss of $280 million in the fiscal year before that and a loss of $445 million in the fiscal year ended in Sept. 2016. Its adjusted operating profit for the fiscal year ended in Sept. 2015 had amounted to $111 million.who was earlier this week confirmed as continuing in his role after Viacom's merger with CBS Corp.
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