Word: viacom
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Dates: during 2000-2009
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...networks through growing, or rather shrinking, pains. Under fire from conservatives, CBS last year canceled its mini-series The Reagans, although it claimed the cancellation was not caused by the pressure. This, combined with the network's apparent quid pro quo offer to Jessica Lynch--a host of Viacom deals in exchange for her story of capture in Iraq--and reports of a similar offer to obtain a Michael Jackson interview, has put CBS's credibility at a low point...
...subjected to typical affairs that mark competitive campaigning. According to The New York Times, these include being “filmed as they campaign, attend real political events across the nation and produce political ads that will be shown on Showtime and possibly other networks of Viacom, whose CBS News is covering the election.” It all seemed like good fun at first glance—what better way to inspire otherwise-apathetic Americans than by shamelessly pandering to their vices? However, after emerging victorious from a process strikingly similar to that of American Idol—viewers...
...here to ask me about Iraq?" Mel Karmazin wants to know as he strides into a conference room at Viacom's headquarters in New York City. Karmazin is here to talk about Viacom's business. But irreverent charm is part of his act and part of what makes him one of the longest-running hits on Wall Street. Karmazin, 59, made his name in radio, running Infinity Broadcasting, which he sold in 1996 to Westinghouse (which had acquired CBS a year earlier). He became CEO of CBS in January 1999 and within a year persuaded Viacom chairman and CEO Sumner...
Finally, CBS is doing the right thing about "The Reagans." Under pressure the network has decided not to air the two-part biopic, steering it instead to the cable outlet Showtime (like CBS, owned by Viacom). But just because a far smaller audience will now see the film (Showtime draws maybe a million viewers on a top night) doesn?t make this story any more accurate. According to the screenplay for ?The Reagans,? my father is a homophobic Bible-thumper who loudly insisted that his son wasn?t gay when Ron took up ballet, and who in a particularly scathing...
SMITH: I think you would still be steering away from noneconomically sensitive companies. You would rather own a Viacom than Procter & Gamble. P&G is a great company, but as the economy starts to get better, you would rather have something that has some economic sensitivity to it. You would rather own a Merrill Lynch or a Morgan Stanley than you would a bank. Over the intermediate term, I like media stocks, like Viacom and Clear Channel, Univision. In retail, I like Target and Best Buy. Wal-Mart will be O.K. I like Citigroup...