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'Star Trek' helps drive Viacom 20% profit growth

'Star Trek' helps drive Viacom 20% profit growth

Viacom Inc.'s fiscal third-quarter profit soared 20%, boosted by ratings improvement at the company's TV networks and two gigantic films from Paramount Pictures: "Star Trek Into Darkness" and "World War Z" with Brad Pitt. Viacom became the latest entertainment company this week to exceed Wall Street's earnings expectations, underscoring the value of high-quality content. Viacom's Melrose Avenue film studio, Paramount Pictures, performed well despite higher costs and declines in home entertainment sales. For the quarter ended June 30, Viacom earned $643 million, or $1.31 a share, up from $534 million, or $1.01 a share, in the year-earlier...