Viacom profit soars 56% even as Nickelodeon ratings slump

For the quarter ended March 31, Viacom earns $585 million, or $1.07 a share, up from $376 million, or 63 cents, a year earlier. Revenue grows 2% to $3.33 billion.

Despite a vexing ratings slump at its children's network Nickelodeon, Viacom Inc.'s second-quarter profit soared 56%. The strong earnings were produced by higher fees from pay-television operators and lower expenses at the media company's Paramount Pictures movie studio.

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