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Published February 23, 1995
Viacom's '94 gross earnings rose to $608M last year, up from $385M in '93. However, the company lost $50M in the 4thQ of '94 and had a drop in '94 net earnings of 48% to $89M. The $17B acquisitions of Blockbuster and Paramount were "blamed" by company officials for the drop (USA TODAY, 2/23)....Former umpire Steve Palermo, who left the game after being crippled in a Dallas shooting, was added to the Yankees' MSG broadcast crew (N.Y. DAILY NEWS, 2/23).... Rating results are in for the first two events of NBC's five-meet track & field series. The Millrose Games on February 3 earned a 2.2, the Reno Air Games of February 10 earned a 2.1. Track officials before the tour said they would be "ecstatic" with ratings above 3.0. NBC Sports spokesperson Ed Markey: "The numbers don't have us turning cartwheels, but they're pretty darn good for something new" (USA TODAY, 2/23)