Sumner Redstone
Sumner Redstone
Sumner Murray Redstoneis an American businessman and media magnate. He is the majority owner and chairman of the board of the National Amusements theater chain. Through National Amusements, Redstone and his family are majority owners of CBS Corporation and Viacom. According to Forbes, as of September 2015, he was worth US$5 billion...
NationalityAmerican
ProfessionBusinessman
Date of Birth27 May 1923
CountryUnited States of America
intention remains sometime split
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.
fix grow job
Our job was to fix (Blockbuster). We've done that. Our job is to grow it now.
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Paramount Pictures continued its remarkable run of box office hits in the second quarter with
belong large leverage longer
Large is no longer in charge, ... Leverage will belong to the nimble and the swift.
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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,
executive experience extremely fortunate leader retail
We are extremely fortunate to have John, a top-notch executive with more than 25 years of experience in the service-oriented retail business, as the new leader of Blockbuster Entertainment,
cable recognize strength
He was the first to recognize the strength of cable programming.
bringing chinese clearly innovative pioneer
He is all over the lot. Li is clearly a pioneer in bringing innovative partnerships to the Chinese people.
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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.
across ad audience cable entertainment gains growth music quarter ratings sales triumphs
The quarter was fuelled by double-digit ad sales growth across the board, spurred by such ratings triumphs as CBS's 'Survivor,' which generated significant prime-time audience gains at CBS, and MTV's 'Video Music Awards,' this year's highest-rated cable entertainment program.
forward optimistic ready
We are ready to go forward and we are optimistic that the FCC and DOJ (endorsement) will come soon.
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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.
quarter record track year
Viacom's results for the first quarter put the company on a fast track for another record year in 2004.
fully market owned realized understand value wholly
We understand that the real market value of Blockbuster may never be fully realized as a wholly owned part of Viacom,