Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Considering that Viacom shares have nearly doubled in price over the last six months or so, I'm surprised this board doesn't get more action -- especially considering Paramount's interest in that there Titanic movie thing. Anyway, the L.A. Times did an extensive interview with Viacom Chairman Sumner Redstone earlier this week. You can read it at:

http://www.latimes.com/sbin/iawrapper?NS-search-set=/3548e/aaaa004AE48e0a7&NS-doc-offset=2&NS-adv-search=0&

Pithy quote:
<<<
Q: You recently gave a speech that was very bullish on the entertainment business.
A: I keep reading all these dour assessments . . . and it's absurd. We have a juggernaut in the entertainment industry, and it's going to move ahead aggressively, and people who don't recognize it are going to be losers. We have a great business. It requires some restraint, though. [At Viacom] we're very fortunate because what we have done is marry the most powerful group of cable networks to a great studio.
>>>

Read it quickly... these Times links go dead after a while.

Cheeze
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.