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

VIA 27.94

-3.5%

3:24 PM EST

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To: lebo who wrote (3172)	1/10/1999 7:01:00 PM
From: lebo	Read Replies (1) of 4613

January 11, 1999 issue of Business Week excerpt: It isn't Seinfeld. But CBS has a hit in "Everybody Loves raymond" in more ways than one. The network stands to clear nearly $100 million from its Monday night hit. That's because, in addition to airing the 14th-ranked TV show, it owns a one-third interest in the sitcom starring former stand-up comic Ray Romano. Also they mention Mel as one of the executives to watch in 1999. "1999 may show whether CBS's new CEO is a manager or a salesman. karmazin,55, .... engineered the public offering of CBS's outdoor advertising and radio business. He vows he's in TV for the long haul. But the buzz persists that he'll sell the network." Good Luck

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