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http://www.businessweek.com/investor/content/jul2003/pi20030724_3817_pi010.htm

Viacom (VIA ): Maintains 5 STARS (buy)
Analyst: Tuna Amobi

Viacom posted 37 cents second-quarter earnings per share, vs. a year-ago's 31 cents, in line with S&P's estimate but 1 cent above the Street's mean. The company initiated a 6-cent quarterly dividend. Results were again led by cable networks, with solid showing by the TV, video, and surprisingly, outdoor segments. But the radio group lagged the industry again, albeit mainly on Westwood One management fees. With Viacom's peculiar mix, the entertainment group also struggled. All told, for an advertising quarter slowed by geopolitical anxieties, S&P views the 10% revenue and EBITDA growth as a respectable estimate.
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