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This morning's look back on the last quarter was not much fun for Viacom. Revenue was down 16 percent to $3.31 billion, earnings declined to $461 million, and per-share earnings came in at 91 cents per diluted share.
The network had the usual excuses, including that this year was a "difficult comparison" to the year previous, down 42 percent in revenue from 2012, when Mission Impossible—Ghost Protocol and Puss in Boots were its big Christmastime releases (of course, it had a Tom Cruise movie and a DreamWorks cartoon this year, too—they just didn't do as much business).
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