Viacom to launch video streaming service for children, plans cost cuts

January 29, 2015 8:36 PM

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Viacom's Nickelodeon plans to launch a video subscription service this spring, joining the chase for younger viewers who increasingly are watching programming on digital devices.

Viacom Chief Executive Philippe Dauman announced the move Thursday during Viacom's earnings call with Wall Street analysts. The New York media company, which owns MTV, Comedy Central, Nickelodeon and Paramount Pictures, largely met expectations although domestic advertising revenue declined 6 percen...

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