MTV aids Viacom profits

The performance of MTV Networks, Showtime and home video sales of the film Titanic, all boosted third-quarter profits at parent company Viacom.

The performance of MTV Networks, Showtime and home video sales of the film Titanic, all boosted third-quarter profits at parent company Viacom.

The entertainment conglomerate recorded improved pre-tax earnings of $578 million and a 49% increase in operating income to $390 million. Viacom's entertainment division, which incorporates movies and music publishing, posted a 78% increase to $183.6 million.

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