ViacomCBS Ad Revenue, Film Profit Drop, Streaming Services Have "Best Month" Amid Pandemic
ViacomCBS, in its second financial report since the recombination of Viacom and CBS Corp. in December and its first for a full quarter of the merged firm, on Thursday reported lower first-quarter earnings and revenue, including advertising revenue, as the novel coronavirus pandemic led to the cancellation of March Madness and the delay of a key film release.