The company expects to benefit from the ratings improvement at the CBS television network which, combined with the reduction in its cost structure, will enable the network to become a positive contributor to the company's future cash flows.
More Quotes from Mel Karmazin:
There could be no better time to fully integrate Infinity with Viacom's tremendous portfolio of assets. Infinity is performing at record levels and continues to generate a tremendous amount of free cash flow that will now fully benefit Viacom.Mel Karmazin
Dick has been a great leader and he's done a terrific job, and I'm sorry to see him leave, ... Do I think the NYSE would be better run without Dick No. Do I think the NYSE would be better if I wasn't on the board No. But if people didn't want me on the board, I'd be very happy not to be on the board.
Mel Karmazin
Viacom remains fundamentally strong, and we continue to believe that the company is well positioned for the remainder of 2001 and over the long term.
Mel Karmazin
The newspaper business will has long been the sole recipient of the 17 billion classifieds advertising market, ... As that revenue is increasingly ceded to the Internet, we believe jobs. com is well positioned to benefit from the transition.
Mel Karmazin
Over the next 12 months, AOL members will view half a billion pages with the CBS News logo framing our editorial content, ... That's a tremendous number of impressions, in a medium that augments our more traditional television and radio audience.
Mel Karmazin
We are pleased with the ongoing growth of radio and outdoor (advertising), the television stations and the network.
Mel Karmazin
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