Today's announcement is the culmination of a process that began with the merger of Viacom and CBS and realizes an important opportunity to bring new efficiencies to the broadcast business, while maintaining the distinct voices of CBS and UPN,
More Quotes from Mel Karmazin:
The business model is still principally subscriber driven with advertising being a nice add-on.Mel Karmazin
You may not like the humor, but that is why every radio has an on-off button.
Mel Karmazin
Most companies we spoke with believe they will return to normal advertising levels but are uncertain about the timing,
Mel Karmazin
the advertising market has bottomed. Things are definitely getting better.
Mel Karmazin
The benefit to the network would certainly be the ability to have younger demographics, ... and cable channels that could be worked together with the network. It gives us more platforms in which to promote the network.
Mel Karmazin
During the quarter, we announced acquisitions in virtually all operating areas of the company -- in television stations, the Internet, outdoor advertising and syndication, ... We believe these new investments will create significant value at both CBS and Infinity in the years ahead.
Mel Karmazin
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