Let me say it remains our intention to split off Blockbuster from Viacom sometime after the first of the year, ... Having said that, we will not give it away.
More Quotes from Sumner Redstone:
We have made a strategic decision that the future of Viacom lies in maximizing the value and potential of our core entertainment assets. The sale of our education, professional and reference publishing businesses will further refine that focus on software-driven entertainment, unlock the substantial value of these undervalued publishing assets for our shareholders and dramatically improve our capital structure.Sumner Redstone
We understand that the real market value of Blockbuster may never be fully realized as a wholly owned part of Viacom.
Sumner Redstone
We have a pretty clear signal that we will be able to keep UPN,
Sumner Redstone
The Chinese government is more skeptical about American media companies, but I have been going to China for eight years and I don't think it will affect Viacom. In China, it is always two steps forward and one step back.
Sumner Redstone
The Internet is a powerful way to make lots of money... But we are not going to buy Yahoo!
Sumner Redstone
Viacom's results for the first quarter put the company on a fast track for another record year in 2004.
Sumner Redstone
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