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Viacom's Paramount Pictures suffers $136-million operating loss

Viacom's Paramount Pictures suffers $136-million operating loss

Viacom Inc. continues to suffer from Paramount Pictures' box-office blues.

The media company's fiscal-second-quarter earnings were marred by more missteps from the Melrose Avenue movie studio.

Paramount released two films that underwhelmed audiences: "Zoolander 2," with Ben Stiller and Owen Wilson, and "Whiskey Tango Foxtrot" with Tina Fey.

The Los Angeles film studio posted an adjusted $136-million operating loss for the January-March quarter. The movie "10 Cloverfield Lane" performed fine, and worldwide theatrical revenue increased 6% compared to the year earlier period, helped by ticket sales for the Oscar-nominated film "The Big...

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