A Chip Off the Old Blockbuster
By
| September 9, 2004
Viacom is that much closer to severing ties to Blockbuster, having offered investors an incentive to buy shares of the sluggish video rental unit. Viacom’s 2Q results were led by double-digit revenue and op income jumps in cable nets and TV, while Blockbuster weathered a 23% drop in profit. Viacom owns 82% of Blockbuster.