Viacom: Ad outlook good despite 2Q drop in profits (AP)

FILE - In this June 17, 2008 file photo, Viacom headquarters is shown in New York. Viacom's second-quarter profit tumbled 32 percent Tuesday, July 28, 2009, as revenue fell amid a weak advertising market, slower video game sales and fewer movie releases.(AP Photo/Mark Lennihan,file)AP - Viacom Inc. struck a hopeful note on advertising for the rest of the year even as the media conglomerate controlled by Sumner Redstone saw second-quarter profit plunge on weak ad markets, video game sales and box-office returns.

Original post by AP and software by Elliott Back

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