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
central chinese companies
Partnerships with Chinese companies are central to our long-term strategy.
cable recognize strength
He was the first to recognize the strength of cable programming.
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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.
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Some have suggested that we spin off Blockbuster, which as many of you know becomes an option beginning in the fourth quarter of 1999. Others have suggested the notion of an initial public offering carve-out prior to the spin-off.
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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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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.
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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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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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In the 21st century, large is no longer in charge.
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I cannot visualize any disagreement that cannot be resolved by us.
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In the second quarter and beyond, we will continue to benefit from the combination of a vibrant advertising market and strong ratings at our cable networks.
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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.
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The concepts of our shows that we've created here (in the U.S.) travel in China and around the world, even though the language is different,