NEW YORK (CBS.MW) -- Viacom on Wednesday cut its 2003 profit forecast, saying that local advertising has not bounced back as expected. Viacom shares VIA fell 3.6 percent, or $1.44, to $38.83 on ...

Viacom Inc. on Thursday reported higher quarterly profit, driven by stronger advertising at its MTV and Comedy Central cable channels and CBS network, and declared its first dividend since 1987 ...