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Viacom's profit down 29%, providing lens into a business in turmoil

Firm has been engulfed in legal turmoil over mental capacity of its controlling shareholder
Saturday, August 6, 2016 - 05:50

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UNDER PRESSURE: National Amusements slammed Viacom's performance, stating it 'continues to highlight the need for changes to leadership at the company'.

New York

VIACOM reported a 29 per cent plunge in profit in the latest fiscal quarter, putting its management in the hot seat as it continues to wage a brutal fight for control of the entertainment company.

The lacklustre earnings, reported on Thursday, put a harsh spotlight on the

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