Reuters - MTV owner Viacom Inc. plans to enter the business of connecting youth viewers on the Internet this year, a top Viacom executive said on Wednesday, amid threats of losing its cool cachet to News Corp.

Danielle George - All Headline News Staff Reporter Chicago, Illinois (AHN) - A drop in fourth quarter profits will have an undeniable domino effect in operations for Viacom Inc. According to CBS Marketwatch, the company blames the decline on unusual severance expenses and the writedown of...

Yvonne Lee - All Headline News Staff Reporter New York, NY (AHN) - CBS Corp. says on Thursday that it posted a loss of $9.1 billion in the fourth quarter. This is the first time CBS is reporting earnings as its own company since it separated from Viacom Inc. at the beginning of the year.As a...

AP - The newly formed Viacom Inc., owner of MTV, VH1 and Nickelodeon, reported lower fourth-quarter earnings Wednesday due mainly to charges and weak results at its Paramount movie studio.

Reuters - Universal Pictures motion picture chairman Stacey Snider has entered into discussions that could lead to her moving to Paramount Pictures, where she would supervise DreamWorks, which Paramount parent Viacom Inc. recently purchased for $1.6 billion.

Reuters - After making his first public remarks this week since joining Carl Icahn's proxy fight to restructure Time Warner, Frank Biondi Jr., former CEO of Viacom and Universal Studios, spoke Wednesday with Hollywood Reporter contributing editor Diane Mermigas about the rationale behind the drive to split Time Warner into four companies.

Reuters - Viacom Inc's Paramount Pictures said on Thursday it has laid off 25 employees in mid-level positions and plans to cut another 95 jobs in the coming week as a result of its purchase of DreamWorks SKG Inc.

Reuters - As Paramount Pictures completed its $1.6 billion takeover of DreamWorks SKG on Wednesday, the Viacom Inc.-owned studio began a raft of layoffs.

Reuters - Web search leader Google Inc. said on Friday it will launch an online video download store and will sell programs from Viacom Inc.'s CBS network and NBA basketball games.

AP - Viacom Inc. and CBS Corp. rang in 2006 as two separate companies, completing a breakup of a major media conglomerate in hopes of winning back friends on Wall Street.

Reuters - Who's sluggish now? With the official split of Viacom Inc.'s fast-moving MTV Networks and Paramount film studios from CBS Corp. completed on Tuesday, CBS stock jumped 5 percent even as shares of the newly independent Viacom Inc. (VIAb.N) were flat in afternoon trading.

Reuters - The new Viacom Corp. is expected to have paid a $5.4 billion special dividend to the soon-to-be created CBS Corp. as part of the split of Viacom Inc., according to a filing on Friday.

AFP - Paramount film studios, part of Viacom, has purchased DreamWorks SKG for 1.6 billion dollars in cash, the company said in a statement.

Reuters - Viacom Inc.'s (VIAb.N) Paramount Pictures on Sunday said it has agreed to buy DreamWorks SKG Inc., the movie studio co-founded by director Steven Spielberg, for $1.6 billion, including debt assumption.

Viacom, the owner of Paramount, has secured a deal to buy rival studio Dreamworks, reports say.