Viacom shown profit, ‘overweight’ declared

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waof world
Viacom Inc reported $708 million operating profit thanks to its better performance of MTV Cable network and mostly for ‘War of World’
Viacom also splitting its cable network and films set up. It is believed that split up is on the view to attract and retain shareholder’s confidence.
Prudential Financial has set a positive $45 target price for Viacon and rated it as ‘overweight’
A Reuter report.

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