Having completed a strategic refocusing on its core television business, Spelling is a perfect fit with Viacom's entertainment business. By fully integrating Spelling into the Viacom family, with the efficiencies and economies of scale we can bring to bear, both Spelling's and Paramount's operations will be greatly enhanced.
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I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.Sumner Redstone
Look at the assets we bring together, ... We bring together a great studio and the most powerful cable networks in the world. We add that to CBS network, CBS' wonderful television station, CBS Radio, CBS Outdoor Advertising and soon we're adding (syndication company) King World to it. There's no company in the world that has that mix of assets. This will be the fastest-growing media company in the world.
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The Internet is a powerful way to make lots of money... But we are not going to buy Yahoo!
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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.
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We've delivered on our promises and greatly enhanced shareholder value. This move reflects our optimism in the company's ability to sustain its momentum in 1999 and beyond.
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We need to listen to consumers' needs.
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