Viacom reports 3.7% drop in quarterly revenue

Media company Viacom Inc VIAB.O reported a 3.7 percent fall in quarterly revenue on Thursday due to a drop in domestic advertising sales and fees it collects from cable TV operators.

Net income attributable to Viacom, which is exploring a merger with CBS Corp, fell to $522 million, or $1.29 per share, in the third quarter ended June 30, from $683 million, or $1.70 per share, a year earlier.

Total revenue fell to $3.24 billion from $3.36 billion.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila) ((Arjun.Panchadar@thomsonreuters.com; within U.S. +1-646-223-8780; outside U.S. +918067492767; Reuters Messaging: Arjun.Panchadar.thomsonreuters.com@reuters.net))