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Profile of the Week

Published on .

Viacom, betting on a second-half rebound, said earnings before taxes, depreciation and amortization would grow 20% in 2001 despite a soft first quarter. Viacom President Mel Kamarzin blamed the year's slow start on the absence of dot-com ad dollars, but said other key advertising categories did not appear to be in trouble. Reflecting dot-com woes, Viacom said it took a $99 million fourth quarter pretax charge as it wrote down the value of its Internet investments. In trading Friday, Viacom closed at $53.14, off 0.21% for the week.
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