VIAB (Viacom Class B shares) formerly CBS Message Board

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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 33.22

+3.8%

3:59 PM EST

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To: John M Connolly who wrote (2987)	12/9/1998 10:00:00 AM
From: Lawrence Petkus	Read Replies (1) of 4613

HiJohn, The Time Warner- CBS digital deal (http://cbs.marketwatch.com/news/current/cbs_twx.htx?source=htx/http2_mw) is an indication of the strength of leadership at CBS. The terms are quite amazing. T-W carrying CBS hi-def NHL football and hi-def CBS network programming. WOW! How the hell they pulled this one off is amazing. T-W was a major competitor, i.e. : 1. its always been presumed by all the analysts that cable would try to stifle hi-def t.v. in regards to network t.v. 2. warner has its own programming that competes with CBS. 3. they compete for ad dollars. AND YET: 1. The analysts look like idiots on the CBS's NHL buy because all of a sudden it will capable of being hi-def for ALL Time-Warner's cable subscribers in the very near future. This makes their purchase to the NHL rights look absolutely brilliant. 2. This link up has dynamite implications for the immediate implementation of hi-def t.v. And we all know that CBS has a vested interest still in their technical end as to profit from this move. Question: Is their hi-def ownership through a part ownership in a company or is this still directly under CBS-Westinghouse? 3. This deal is phenomenal. Plus their net offerings: Marketwatch,and Sportsline (Is that the name?). Hey, this is one hell of a dymnamic company. This is shaping up to be a rocket. We're definitely looking at $50 plus in the near future. The IPO is great, but there is a hell of a lot more going on that will be blasting off the earnings in the near future: next year. Good luck. We have finally arrived at the launch pad. Lawrence

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