Chief Executive Officer Philippe Dauman told analysts on a conference call that he expected US ad sales to continue to improve this quarter. Viacom shares rose nearly 3 percent.
The High Court had upheld a decision of Information & Broadcasting Ministry to switch off channel as it found some of its content "obscene and vulgar."
The Viacom networks will be available when the new service launches, the companies said in a statement on Wednesday. Customers also will have access to on-demand programming from Viacom.
With the rights issue behind, TV18 Broadcast is now looking to benefit from a combination of favourable headwinds, says B Sai Kumar, Group CEO, Network18.
Viacom18 Media today appointed Sudhanshu Vats as its Group chief executive, effective August.
He may have looked like he was "winning," but actor Charlie Sheen took it on the chin on Saturday night at a Comedy Central TV roast where his sex life, drug use and talent drew punches -- and punch lines.