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Viacom Inc.

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Viacom Inc. reported lower than expected revenues in the first-quarter of fiscal 2016 . Revenues also declined 6% on a year over year basis. The lack of box-office hits coupled with a decline in both domestic and domestic advertising revenues affected top line performance. Moreover, stiff competition from media companies as well as spiraling programming expenses and weaker ratings may act as headwinds, going forward. The furore surrounding the exit of Sumner Murray Redstone as the company's executive chairman also hurt the stock.

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