ViacomCBS says worst is over after 12 percent coronavirus drop

ViacomCBS, home of “Survivor” and MTV, saw a 12 percent slump in sales last quarter as the coronavirus pandemic sent ad sales down 27 percent. The declines were offset, however, by growth in the media company’s streaming business, which saw revenues rise 25 percent as more consumers hunkered down at home during the pandemic. Despite...

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