Viacom Projects Full-Year Loss for Paramount After Flops

  • ‘Zoolander 2,’ ‘Whisky Tango Foxtrot’ strike out at box office
  • Cable unit profit declines on ‘modest’ drop in subscribers

Viacom Inc. projected a loss this fiscal year for the Paramount Pictures studio and reported a “modest” decline in cable subscribers, adding to the troubles of ailing billionaire Sumner Redstone’s media empire.

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