Word: viacom
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...league's success to the money the networks splash out to televise NFL games. "Football is the best reality television going," allows the NFL's Goodell. And the networks pay dearly for the eyeballs they get. Last month the NFL renewed two network TV dealswith CBS, a division of Viacom, and with Fox, a division of News Corp.that will guarantee $8 billion for broadcast rights from 2006 to 2011. Another News Corp sibling, DirecTV, is paying $3.5 billion for satellite rights through 2010. There are still cable and Monday Night Football deals to be concluded. Finalizing them will mean that...
...spent helping build a fledgling music-video channel into one of the most powerful global media brands, Judy McGrath, 51, has always stayed in touch with what she likes to call her "inner teen." Now that she has taken over the reins at all of parent company Viacom's vast, fast-growing cable operations, including MTV, MTV2, VH-1, CMT, Nickelodeon, TV Land and Comedy Central, you might think she would need to get more in tune with her outer adult. But being responsible for the crown jewel of Sumner Redstone's empire--generating nearly $3 billion in profits this...
...least Liberty shareholders would enjoy that ride. News shareholders might do well too--but it's family control that is foremost in everyone's mind. This isn't unusual in the media world, where companies like Viacom, the New York Times, Comcast and the Washington Post are controlled by families through a special class of voting stock. In all these cases, argues analyst Richard Bilotti at Morgan Stanley, the day of reckoning may be approaching. The businesses have become much more complex, especially at global empires like News and Viacom. If any start to run their business dispassionately, with...
...Viacom Voter...
...Question For Sumner Redstone" [Oct. 4]: I was depressed to read why the chairman and CEO of media giant Viacom is voting Republican. Redstone stated, "I vote for Viacom. Viacom is my life, and I do believe that a Republican Administration is better for media companies than a Democratic one." How convenient to funnel all that your vote stands for into one neat line item. As a result, your vote becomes typically narrow. Pocketbook voting or tax-break accounting for Big Business rests on a stubborn belief in trickle-down economics. As a small-business owner, I vote for something...