Sumner Redstone
Sumner Redstone
Sumner Murray Redstoneis an American businessman and media magnate. He is the majority owner and chairman of the board of the National Amusements theater chain. Through National Amusements, Redstone and his family are majority owners of CBS Corporation and Viacom. According to Forbes, as of September 2015, he was worth US$5 billion...
NationalityAmerican
ProfessionBusinessman
Date of Birth27 May 1923
CountryUnited States of America
Sumner Redstone quotes about
wall competition too-much
Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.
forward optimistic ready
We are ready to go forward and we are optimistic that the FCC and DOJ (endorsement) will come soon.
clear signal
We have a pretty clear signal that we will be able to keep UPN.
executive experience extremely fortunate leader retail
We are extremely fortunate to have John, a top-notch executive with more than 25 years of experience in the service-oriented retail business, as the new leader of Blockbuster Entertainment,
assets businesses capital core decision entertainment focus further future improve lies potential publishing reference refine sale strategic unlock value
We have made a strategic decision that the future of Viacom lies in maximizing the value and potential of our core entertainment assets. The sale of our education, professional and reference publishing businesses will further refine that focus on software-driven entertainment, unlock the substantial value of these undervalued publishing assets for our shareholders and dramatically improve our capital structure.
adapt changing recognize
We recognize the need to adapt to a changing competitive environment,
gone industry newspapers slow street sure wall
The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I'm not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdoch's Wall Street Journal.
fully market owned realized understand value wholly
We understand that the real market value of Blockbuster may never be fully realized as a wholly owned part of Viacom,
quarter record track year
Viacom's results for the first quarter put the company on a fast track for another record year in 2004.