It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom.
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Viacom's fourth-quarter performance is indicative of a new vitality at the company and the major strides we have made in 1997.Sumner Redstone
Viacom is off to a strong start in 2000, paced by the continued outstanding performance of MTV Network, which turned in its fifth consecutive quarter of 20 percent-plus ad sales growth, and Showtime, which registered a 25 percent gain in (cash flow) for the first three months of the year.
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It is clear that... Viacom's businesses have inherently different growth characteristics and investment attributes that appeal to different types of investors,
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Sometimes divorce is better than marriage. We found out that bigger is not necessarily better.
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The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I'm not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdoch's Wall Street Journal.
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I have read The New York Times, and I still say I saw nothing in it that would make me change my opinion.
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