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
bringing chinese clearly innovative pioneer
He is all over the lot. Li is clearly a pioneer in bringing innovative partnerships to the Chinese people.
bringing chinese clearly innovative pioneer
Li is clearly a pioneer in bringing innovative partnerships to the Chinese people.
clear signal
We have a pretty clear signal that we will be able to keep UPN.
today tough clear
It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom.
appeal attributes businesses clear growth inherently investment types
It is clear that... Viacom's businesses have inherently different growth characteristics and investment attributes that appeal to different types of investors,
belong large leverage longer
Large is no longer in charge, ... Leverage will belong to the nimble and the swift.
fix grow job
Our job was to fix (Blockbuster). We've done that. Our job is to grow it now.
box continued hits office paramount pictures quarter remarkable run second
Paramount Pictures continued its remarkable run of box office hits in the second quarter with
becomes beginning fourth initial notion offering option others prior public quarter spin suggested
Some have suggested that we spin off Blockbuster, which as many of you know becomes an option beginning in the fourth quarter of 1999. Others have suggested the notion of an initial public offering carve-out prior to the spin-off.
intention remains sometime split
Let me say it remains our intention to split off Blockbuster from Viacom sometime after the first of the year, ... Having said that, we will not give it away.
ability delivered enhanced greatly momentum move optimism promises reflects sustain
We've delivered on our promises and greatly enhanced shareholder value. This move reflects our optimism in the company's ability to sustain its momentum in 1999 and beyond.
almost destiny dictated seems separated siblings today
We are siblings separated in 1971 and are today reunited, ... This partnership seems almost dictated by destiny.
both bring businesses closely combining company core create generate infinity perfect performing record stronger superior time
With both Viacom's and Infinity's core businesses performing at record levels, it is the perfect time to bring them more closely together, ... Combining Infinity with Viacom will now create a company that is financially even stronger and strategically even better positioned to generate superior returns.
quarter record track year
Viacom's results for the first quarter put the company on a fast track for another record year in 2004.