Viacom blames loss on Ha! cabler

Hurt by $43.8 million in start-up and operating costs connected with its Ha! cable comedy channel, Viacom Inc. reported net losses for 1990 and the fourth quarter. The New York-based company’s net losses for the year ended Dec. 31 were reported at $89.8 million (840 a share), versus net income of $131.1 million ($1.06) a year ago. Revenue rose 11% to $1.6 billion from $1.43 billion. Viacom’s losses for the fourth quarter widened to $87.4 million (820 per share) from $29.1 million (270).

More Scene

  • Palm Springs Where to eat Drink

    Palm Springs Hotter Than Ever: Places to Eat, Drink, Stay

    Hurt by $43.8 million in start-up and operating costs connected with its Ha! cable comedy channel, Viacom Inc. reported net losses for 1990 and the fourth quarter. The New York-based company’s net losses for the year ended Dec. 31 were reported at $89.8 million (840 a share), versus net income of $131.1 million ($1.06) a […]

  • 2017 Ripple of Hope Awards

    Why Alfre Woodard Thinks 'Everybody Gets Left Out' of Film Awards Race

    Hurt by $43.8 million in start-up and operating costs connected with its Ha! cable comedy channel, Viacom Inc. reported net losses for 1990 and the fourth quarter. The New York-based company’s net losses for the year ended Dec. 31 were reported at $89.8 million (840 a share), versus net income of $131.1 million ($1.06) a […]

  • 'Father Figures' film premiere

    'Father Figures' Premiere Raises Funds for Southern California Wildfire Victims

    Hurt by $43.8 million in start-up and operating costs connected with its Ha! cable comedy channel, Viacom Inc. reported net losses for 1990 and the fourth quarter. The New York-based company’s net losses for the year ended Dec. 31 were reported at $89.8 million (840 a share), versus net income of $131.1 million ($1.06) a […]

  • 'Grown-ish' TV show premiere

    A Meme Inspired 'Black-ish' Spinoff 'Grown-ish,' Creator Kenya Barris Says

    Hurt by $43.8 million in start-up and operating costs connected with its Ha! cable comedy channel, Viacom Inc. reported net losses for 1990 and the fourth quarter. The New York-based company’s net losses for the year ended Dec. 31 were reported at $89.8 million (840 a share), versus net income of $131.1 million ($1.06) a […]

  • 'Bright' film premiere

    Will Smith Discusses 'Bright's' Racial, Social, Allegorical Undertones

    Hurt by $43.8 million in start-up and operating costs connected with its Ha! cable comedy channel, Viacom Inc. reported net losses for 1990 and the fourth quarter. The New York-based company’s net losses for the year ended Dec. 31 were reported at $89.8 million (840 a share), versus net income of $131.1 million ($1.06) a […]

More From Our Brands

Access exclusive content