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Headline News Viacom Reports Financial Results

Viacom reports that net income rose sharply in its fiscal first quarter compared with results a year ago. Revenue and adjusted earnings fell because of a decline at its Paramount studio business and lower advertising revenue at its Nickelodeon television channels.

Headline News Box Office Report: 'The Hobbit' Rules Them All

Peter Jackson's “The Hobbit: An Unexpected Journey” remains at number one in its third weekend with $32.9 million, while Quentin Tarantino's “Django Unchained” pulled ahead of “Les Miserables” to take the number two spot at the domestic box office.

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