Viacom CEO Philippe Dauman Jr. joins the chorus of media moguls who say their business has been unscathed by a slowing economy. Ad sales grew 9% last quarter, and Viacom is expecting the same for Q1, he says on a Viacom’s Q4 earnings call. He then pauses for emphasis: “To date, the economy has not impacted our ad sales.”
But, Philippe adds: If there does happen to be a recession, they’re ok, too, since Viacom isn’t advertising dependent, and people will still go to movies, etc.
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