ComedyCentral

Colbert's Super PAC Has Raised Over $1 Million

Stephen Colbert's "super" PAC has raised a staggering $1 million. Political action committees were required to submit their financial reports to the Federal Election Commission on Tuesday. Colbert disclosed that as of Monday, his Americans for a Better Tomorrow PAC has raised more than $1.02 million.

Viacom Posts Robust Profit After Cost Cuts

Viacom demonstrated the power of cost-cutting Thursday when it reported fourth-quarter and year-end earnings. Despite a continuing swoon in ad revenues and disappointing video game sales, it posted a Q4 profit of $694 million, more than quadruple what it earned the year before.