Word: viacom
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Just in case the smut repels prospective investors, Warshavsky is diversifying into myriad online properties, including a gambling site, a psychic site and a site prescribing Viagra. He has often repeated his mantra of aspiring to be the Sumner Redstone of New Media (referring to the chairman of giant Viacom), but as it stands, he remains closer to being the Internet's Larry Flynt...
...which jump-started the effort, belongs rightfully to Keryn and other youngsters. This tale reminds us of some sage advice: Listen to your children. It is frequently they who show us the power of an individual to make a difference in this world. SUMNER M. REDSTONE Chairman and CEO Viacom Inc. New York City...
...then, one of the recipients of their letter-writing campaign responded. Sumner Redstone, chairman of Viacom, put the kids and their message on his Nickelodeon Channel. News of the crusade spread everywhere--and outside contributions began streaming in. A Texas company kicked in $5,000; a homeless Alaskan scraped together $100; a destitute elderly woman mailed in a dollar, calling it "all I can afford." When Casey Reed, a Wisconsin trucker, heard about the kids on his radio, he sent $200 and spread the message on his travels...
...still live in an era of buyouts. But diversification has largely given way to concentration. Gulf & Western was reduced to its media component, Paramount, and then taken out by another media company, Viacom. Geneen's successor at ITT was pressured by investors to break the company into pieces. By the time Geneen died last November, all that was left of ITT Corp. was a hotel company, which would disappear into a merger two months later...
...What happens when the CEO retires? Michael Eisner of Disney (who had a heart attack in 1994) and Sumner Redstone of Viacom (who is 75) have clashed repeatedly with potential successors, who then left. Both stocks have done well. But shareholders will get singed if these CEOs step aside suddenly. On the other hand, when Bank of America CEO Hugh McColl last month ran off his likely successor and agreed to stay on until 2002, the stock surged...