Viacom's Dreamworks Acquisition Pays off

12 May 2006

   NEW YORK - Media giant Viacom has beaten market expectations for its first quarter results, helped by a strong performance from its Dreamworks film studio.
   Revenues at Viacom rose 12% to $2.4 billion (€1.86bn; £1.26bn) compared with the same period last year.
   Profits at Viacom, which also owns MTV and Paramount Pictures, dipped 9% to $317m. The company says the drop was mainly caused by $57m in extra interest payments.