Media giant Viacom Inc. on Monday announced a round of layoffs and restructuring that will result in it booking $785 million in special expenses in its recently ended quarter.
SpongeBob fans rejoice: Nickelodeon is the latest cable channel to plan a stand-alone Internet offering.
Viacom CEO Philippe Dauman's pay climbed 19 percent to $44.3 million last year while the TV-and-film company's stock slumped and its earnings remained flat.
Viacom said Thursday that its second-quarter profit rose 4 percent, boosted by strong results at its TV networks that offset a decline at its movie-making business.
Google and Viacom announced a settlement Tuesday in a long-running lawsuit claiming the Internet giant's YouTube video-sharing site promoted copyright infringement.
Viacom is reporting a 16 percent jump in net income for the first quarter thanks in part to smaller losses at its film division.
Viacom's fourth-quarter net income rose 24 percent, helped by the success of the film "World War Z" and greater advertising revenue.
Viacom is reporting an 18 percent drop in second-quarter net income due to lower revenue, especially from its filmed entertainment division that includes Paramount Pictures.
Putting a new test to the adage that brevity is the soul of wit, Comedy Central is partnering with Twitter for a comedy festival played out in 140 characters and 6-second videos.
A US judge dismissed for the second time a billion-dollar lawsuit by entertainment giant Viacom accusing Google-owned website YouTube of knowingly profiting from pirated video clips.