Word: cbs
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...During Katie Couric's first week anchoring the CBS Evening News...
Tuesday, Sept. 5, she made her much anticipated debut on the CBS Evening News. America had been buzzing about her since the spring, and much rode on her premiere, in particular the career of a celebrity with whom America has had an intense love-hate relationship...
Katie Couric introduced the segment with archival footage of CBS News airing baby snaps of Prince Charles. That self-serving comparison had a kernel of truth: celebrity offspring are like royal heirs. The parents hoist their issue before the throngs to prove, if not their virility, like kings of old, then their humanity...
...with Wall Street was deficient and the stock price reflected it, suggesting that maybe Wall Street lacked confidence in management." He called Freston's replacement, Viacom director and former senior company executive Philippe Dauman, the right person to fulfill the vision he had when he announced the split of CBS and Viacom nine months ago. "We are on the right track but we need to move to the fast track," said Redstone. "Philippe will enable us to refine and aggressively implement a digital strategy with energy, focus and speed. He will let no opportunity pass and let no competitor ever...
...That last comment was interpreted by several analysts as a reference to News Corp.'s purchase of MySpace.com, a deal that Viacom was seen as having missed. Though Redstone was equally impatient with Viacom's lagging stock price, which is down 10% this year - compared to sister company CBS, which is up more than 10% - his muscle-flexing didn't immediately cheer investors. Just after the announcement, Merrill Lynch's Jessica Reif Cohen, an influential entertainment industry research analyst , issued a critical report downgrading her rating on Viacom to "neutral" from "buy" because she said "significant uncertainty" remains about...