Viacom reports revenue below estimates on weak advertising sales

Viacom reports revenue below estimates on weak advertising sales

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/09/viacom-earnings-q3-2018.html

Media company Viacom reported quarterly revenue below Wall Street estimates on Thursday, as domestic advertising sales fell and the media company collected lower fees from cable TV operators and online distributors.

The company said worldwide affiliate revenue fell 3 percent to $1.15 billion, missing estimates of $1.16 billion, according to research and data analytics firm Factset.