Viacom (VIA) beat its second-quarter expectations with the strength of its cable TV and movie division and a tax gain to go along with it, the AP reported.
Overall revenues grew by almost 25 percent to $2.85 billion from $2.3 billion, a lot of it coming from taking DreamWorks into the fold.
Earnings were $437.3 million or 61 cents per share, the quarter ending on June 30. A year ago they finished with $353.9 million or 47 cents per share during the same period.
Viacom is the parent of Paramount, VH1, Comedy Central, MTV, BET and CMT.
They also announced that their MTV Networks division has bought the online company Atom Entertainment Inc. for $200 million. Atom properties include shockwave.com, addictinggames.com, atomfilms.com, and addictingclips.com.
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