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
becomes beginning fourth initial notion offering option others prior public quarter spin suggested
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.
box continued hits office paramount pictures quarter remarkable run second
Paramount Pictures continued its remarkable run of box office hits in the second quarter with
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.
challenges continuing economic light overall performance quarter recovery second slow turned
Viacom turned in an outstanding performance in the second quarter of 2002, particularly in light of the continuing challenges of a slow recovery in the overall economic environment,
ad continued fifth gain months mtv percent performance quarter registered sales start strong three turned
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,
quarter record track year
Viacom's results for the first quarter put the company on a fast track for another record year in 2004.
advertising benefit cable continue market quarter ratings second strong vibrant
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.
clear signal
We have a pretty clear signal that we will be able to keep UPN.
add adding advertising assets bring cable cbs company great king media mix networks outdoor powerful soon studio television together wonderful
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.
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.
central chinese companies
Partnerships with Chinese companies are central to our long-term strategy.
belong large leverage longer
Large is no longer in charge, ... Leverage will belong to the nimble and the swift.
fix grow job
Our job was to fix (Blockbuster). We've done that. Our job is to grow it now.
appeal attributes businesses clear growth inherently investment types
It is clear that... Viacom's businesses have inherently different growth characteristics and investment attributes that appeal to different types of investors,