Viacom Revenue Down, Earnings Up, Investors Concerned

Analyst: 'Is MTV broken?'

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Analysts have changed tone about Viacom, the owner of MTV, Nickeolodeon, Comedy Central, VH1 and BET. Barclay's media guru Anthony DiClemente was the most poilite of the bunch, congratulating Viacom execs on the lack of correspondance between plummeting ratings and more modestly diminished ad prices. "Investors are pleasantly surprised by the lack of correlation between ratings declines and advertising trends," DiClemente told Philippe Dauman, Viacom's president and CEO.

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