Viacom Inc.: The New York-based parent of...

Viacom Inc.: The New York-based parent of MTV Networks and the pay-TV network Showtime said it had a first-quarter loss of $3.7 million, compared to a $17.1-million loss a year ago. Revenue rose 3.6% to $407.2 million. The company said earnings from operations at its cable network division more than doubled to $39 million, while earnings from operations at its cable TV systems rose 66% to $25 million. But earnings from operations in broadcasting fell 69% to $2 million because of softness in the ad market and recent radio station acquisition costs.

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