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Viacom 4Q earnings up 13 pct despite revenue drop

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NEW YORK (AP) — Viacom Inc., owner of the Paramount movie studio and several cable TV channels, said Thursday that net income grew 13 percent in the latest quarter even as revenue fell more than Wall Street expected with the lack of a strong theatrical release and a drop in television ad revenue. Net income for the July-September quarter was $650 million, or $1.26 a share, compared with...