Viacom posts double digit gains in revenues for Q1 2004

MUMBAI: Viacom, which has just released its results for the first quarter of 2004, says its revenues have jumped 12 per cent to a record $6.8 billion from $6.1 billion for the same quarter last year. A 21 per cent gain in overall advertising revenues, totaling $3.2 billion drove the record earnings, says a company release.


First quarter operating income increased 20% to $1.2 billion from $987 million, led by strong growth of 24% in cable networks, 38% in television and 55% in the entertainment segment.


Viacoms bottom line results for the first quarter were equally robust, says the company, with an operating income growth of 20% and, excluding the tax benefit, a gain in net earnings of nearly 30%. The company says it is on track to deliver full year 2004 revenue growth of five to seven per cent, operating income growth of 12 per cent to 14 per cent and earnings per share growth of 13 per cent to 15 per cent.

For the quarter, Viacom's Cable Networks revenues (which includes MTV, VH1, Nickelodeon, Spike TV, CMT, Comedy Central, BET and Showtime Networks) increased 21 per cent to $1.4 billion from $1.2 billion and operating income increased 24 per cent to $536 million from $432 million. Comedy Central, which was acquired in May 2003, contributed nine per cent to Cable Networks' revenue growth and 10 per cent to operating income growth for the quarter, claims the company.

The revenue increases were driven by higher advertising, affiliate fees and ancillary revenues. Cable Networks' advertising revenues grew 33 per cent led by growth of 35 per cent at MTV Networks and 16 per cent at BET.

The company's Television (CBS and UPN Television Networks and Stations; Television Production and Syndication) revenues increased 18 per cent to $2.3 billion from $1.9 billion, and operating income increased 38 per cent to $336 million from $243 million. CBS and UPN Networks, says the company, together delivered 26 per cent higher advertising revenues principally driven by the telecast of Super Bowl XXXVIII, the NCAA Mens Basketball Championship and the strength of CBS primetime.

The Stations group advertising revenues increased 14 per cent, benefiting from the major sports events on CBS during the first quarter, higher advertising revenues from key industries (automotive, leisure and media, and transportation) as well as higher political spending.

For the quarter, the company's radio revenues increased three per cent to $455 million from $444 million and operating income increased five per cent to $199 million from $191 million.

Latest Reads
Star Sports EVP and marketing head Shubhranshu singh quits

MUMBAI: Star Sports Executive Vice President and Head Marketing Shubhranshu Singh has quit the company after a four-year stint.

Television TV Channels Sports
Discovery bags nine sponsors for Battle Ops

Battle Ops, Discovery Communications India’s (DCIN) integrated television and digital offering, has received a resounding response from the advertiser community. The show, which will premiere on Discovery Channel and Veer on 26th January, has already sold out with nine sponsors on board.

Television TV Channels Specialised and Niche
Splash and assemblage entertainment begin production on norm of the north sequel

Assemblage Entertainment, the feature-film focused CGI animation studio has begun production on the sequel of 2016 theatrical feature film Norm of the North, along with Splash Entertainment, Lionsgate and Dream Factory In many first-of-its times, it is unprecedented that an independent animated...

Television Production House Film Production
Vijendra Singh, Indian Boxing Champion associates with Pokerbaazi, one of India’s pioneer online poker platforms has signed Vijender Singh as its new brand ambassador. Prior to roping in Indian professional boxer, Indian film star, actor, and model, Sunny Leone was the face of the brand. By roping in boxing champion Vijeder Singh as its brand...

Television TV Channels Sports
COLORS INFINITY serves an intoxicating concoction of bollywood Besties, Gossip, Games

Make Saturday nights your date night with some of your favorite Bollywood best-friends, as COLORS INFINITY brings to you the latest season of the popular homegrown chat show Jeep presents BFFs with Vogue powered by Motorola and beauty partner, starting Saturday January 20, 2018 at 8pm on...

Television TV Channels English Entertainment
Experience first-hand India's historic Military Operation in a gripping new documentary

On 18 September 2016, four Jaish-e-Mohammad terrorists attacked an Indian Army Garrison in the town of Uri, Jammu and Kashmir. 19 Indian soldiers were martyred in the Fidayeen attack. Eleven days later

Television Production House Fiction
578 players to go under the hammer for IPL auction

The much-anticipated VIVO IPL 2018 player auction list is out with 578 players up for grabs. This big pool of cricketers, which comprises 360 Indians, will go under the hammer in Bengaluru on 27 and 28 January, 2018.

Television TV Channels Sports
BARC panel tampering: first arrests made

The Cyber Crime Police in Bengaluru, acting on a complaint filed by the Broadcast Research Council of India (BARC), has arrested five people allegedly for trying to tamper with the television viewership data generated and reported by BARC every week.

Television TV Channels Viewership
Cautious investments serve MTV Beats well

MUMBAI: When digital media made it easy for people to listen to songs anywhere anytime, it sounded like the death knell for music channels on TV. Years later, however, they continue to survive.

Television TV Channels Music and Youth

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories