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 NEW YORK (AP) - The newly formed Viacom Inc., owner of MTV, VH1 and Nickelodeon, reported lower fourth-quarter earnings Wednesday due mainly to charges and weak results at its Paramount movie studio.
It was the first time Viacom reported earnings as a separate company following its breakup from CBS Corp. at the beginning of the year. Viacom calculated its results as if it had been a separate entity for the fourth quarter.
On that basis, Viacom earned $220 million, or 29 cents per share, down from $378 million or 45 cents per share in the fourth quarter of 2004.
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