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Viacom buys Pluto TV for $340 million

Viacom Inc., which owns such prominent cable channels as Comedy Central, MTV and Nickelodeon, is plunging into the fast-growing world of streaming.

On Tuesday, the cable television giant said it has agreed to buy streaming service Pluto TV for $340 million in cash. The move is designed to help...



from latimes.com - Los Angeles Times https://lat.ms/2FLX8Ev
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