Viacom announces Q2 results, Epix deal

Viacom reported that second-quarter revenue was $3.3 billion, 14% less than the comparable period a year earlier, and that earnings were $277 million, a 32% decline. Separately, the company announced that Epix, the cable movie channel being developed by Viacom's Paramount, Lions Gate Entertainment and MGM, reached a distribution agreement with Verizon's FiOS service.

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