(Reuters) - Viacom Inc
Net income from continuing operations attributable to the company rose to $502 million, or $1.13 per share, in the second quarter, from $481 million, or 96 cents per share, a year earlier.
Viacom, which owns movie studio Paramount Pictures, earned $1.08 per share, excluding items.
Revenue rose to $3.17 billion from $3.14 billion for the quarter ended March.
Viacom also said it would buy British public service broadcaster Channel 5 Broadcasting Ltd for 450 million pounds ($760 million) from media baron Richard Desmond's Northern & Shell Media Group.
($1 = 0.5922 British Pounds)
(Reporting by Soham Chatterjee and Mridhula Raghavan in Bangalore; Editing by Don Sebastian)