Nov 03, 2009

New York -- Viacom Inc. reported better-than-expected third-quarter profit gains thanks to improved theatrical film and TV advertising trends, as well as cost controls. On a conference call Tuesday morning, management struck cautiously positive tones about the ad market, saying it strengthened throughout the third quarter and seems on the right track. "The road to recovery will be a bumpy one," but the U.S. economy is moving into the right direction, said president and CEO...More