Stuart Rossmiller
Stuart Rossmiller
allow major music property six unique
(Acquiring EMI) would allow someone to be a major player, being one of the big six music companies, so it's a unique property and it's one of a kind.
billion disaster less management performance poor previous summer took
It's been less than successful, bordering on a disaster. After the $3 billion write-off they took for the poor performance of the previous management team, this summer must be a real disappointment to them.
adding cable companies entertain networks peace
He's getting peace with the cable industry...Now, cable companies will entertain the idea of adding his start-up cable networks to their cable systems.
definitely
I definitely see this as being a tax-driven arrangement.
allow billion company course debt expressed next path radio reduce return sale step three
Viacom has expressed that they would like to reduce their debt by $3 billion to $5 billion in the course of the next two to three years. The radio sale of over $1 billion is the first step down that path which should allow the company to return to a solid, investment-grade footing.