Viacom posts 12% profit increase, sees progress with Nick

Viacom in its fiscal Q4 generated a 12% increase in profit to $643 million, with cost-cutting and carriage-fee increases helping to offset a 6% drop in U.S. ad sales. Viacom chief Philippe Dauman said the company had started to turn things around at struggling Nickelodeon by bringing back "Teenage Mutant Ninja Turtles" and other programming moves.

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