Viacom Inc. closed the books on a bruising fiscal year, reporting a 5% decline in fourth-quarter revenue due to lower cable TV advertising sales and a paltry film slate from Paramount Pictures.

In March of 1994, Viacom bought 61.7 million shares in Paramount to take control of the company, in a deal valued at between $9.5 billion and $10.1 billion by Variety at the time. It beat out home ...

Viacom's new CEO, Bob Bakish, said the company would focus its resources on its "Flagship Six" brands: MTV, Comedy Central, BET, Nickelodeon, Nick Jr. and Paramount. News Home Page ...

China's Dalian Wanda Group is in talks with Viacom about buying 49% of the studio, according to people familiar with the discussions. Fox Business Personal Finance ...

ViacomCBS changes corporate name to Paramount 00:21. ViacomCBS announced Tuesday that the company will become known as Paramount. "Effective February 16, we'll be bringing together our leading ...

When Paramount Pictures sees its pay TV window licensing deal with premium TV provider Epix expire in a few years, the company expects to capture "incredible value," Viacom CEO Bob Bakish said ...

Paramount Pictures hasn’t exactly been the strongest leg for struggling parent company Viacom, and 2015’s fiscal fourth quarter was no exception to the movie studio’s continued revenue decline.

The parent company's woes have taken a toll at the studio. Its latest release, "Ben-Hur," cost $100 million to make, but only brought in $11.4 million on its opening weekend.

Media conglomerate Viacom plans to sell a minority stake in the company's Paramount film studio, CEO Philippe Dauman said Tuesday. Dauman made the announcement at a media conference in New York.

Viacom earlier in the day reported full fiscal year revenue for its film unit of $2.88 billion, down 23 percent. The company cited “lower revenues across the distribution windows reflecting the ...