NEW YORK (AP) - Viacom Inc. says its fiscal third-quarter net income rose 20 percent, boosted by higher affiliate fees and advertising revenue.

NEW YORK (AP) Viacom Inc. says its fiscal third-quarter net income rose 20 percent, boosted by higher affiliate fees and advertising revenue.

The company, which owns MTV, Comedy Central and other TV networks, earned $643 million, or $1.31 per share. That's up from $534 million, or $1.01 per share, in the same quarter of 2012.

Excluding discontinued operations and one-time items, Viacom earned an adjusted $1.29 per share for the latest quarter.

Revenue increased 14 percent to $3.69 billion from $3.24 billion.

Analysts polled by FactSet expected earnings of $1.30 per share on $3.57 billion in revenue.

The company also says that its board has boosted its stock buyback program to $20 billion in shares from $10 billion and plans to buy back $2 billion in shares over the next several months.