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Viacom counting on new chief to save Paramount

But some analysts worry that the studio is too far gone; it has been in free-fall and lost US$445 million in its last fiscal year

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In some ways, Mr Gianopulos may take comfort in Paramount's long-term history: The studio has battled its way back from the brink before.

Los Angeles

VIACOM has turned to one of Hollywood's most seasoned and respected executives, James Gianopulos, to revive its faded Paramount Pictures operation. But some analysts worry that Paramount is too far gone.

Mr Gianopulos, who turns 65 in April, will take over as chairman

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