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.
More Quotes from Mel Karmazin:
From the Internet to television to radio, Viacom is going to be there, ... It is the only company that can reach every demographic from (children's TV program) Blue's Clues to MTV to CBS.Mel Karmazin
the advertising market has bottomed. Things are definitely getting better.
Mel Karmazin
We're pleased to see improvements in all segments, ... The company's stations group had record operating results with each of the divisions - radio, outdoor and television - contributing to the results.
Mel Karmazin
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.
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
First, the orbital broadcaster announced that its exclusivity deal with BMW would continue. The agreement covers all makes of the Teutonic master automaker. We are very pleased that BMW has decided to extend its exclusivity with Sirius, thereby making Sirius' unique mix of commercial-free music and talk programming available to future BMW owners, ... We are pleased to continue to make the Sirius service available to current and future BMW owners.
Mel Karmazin
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