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Technology Stocks : Viacom, Class B( VIAB ) - The New Viacom -- Ignore unavailable to you. Want to Upgrade?

To: Jay Judell who wrote (28)	5/15/2000 5:15:00 PM
From: MGV	Read Replies (1) \| Respond to of 56

-- [B] Viacom's Karmazin sees synergies with CBS above expectations -- --Viacom Karmazin: CBS to use Nickelodeon programs Sat morning --Viacom's Karmazin: CBS gets Super Bowl in 2001 --Viacom's Karmazin: Co. to combine Paramount, CBS TV stations By Georg Szalai, BridgeNews New York--May 15--Viacom Inc., the No. 2 media and entertainment company in the world, could realize even greater-than-expected synergies from its just-completed acquisition of CBS Corp., President and Chief Operating Officer Mel Karmazin said at the Banc of America Securities "Growth Telecommunications, Media & Entertainment Conference" on Monday in New York. * * * Karmazin did not provide further details on potential synergy gains. He said that Viacom's Paramount and CBS' television stations will be combined into one operation and that further news on the integration of the two companies will be coming up in the next few weeks. Viacom will cross promote its programs across all its media properties, Karmazin said. For example, CBS will air Superbowl 2001 with the halftime show being created by MTV, the company's music television channel, he said. Talking about programming changes, Karmazin said that CBS will revamp its Saturday morning lineup. Starting in the fall, the network will run Nickelodeon children's programming in the Saturday morning slot, he said. New York-based Viacom is the second-largest entertainment firm behind Time Warner Inc., which is scheduled to be acquired by America Online Inc. later this year. Viacom's holdings include the Paramount Pictures movie studio, the television networks CBS and UPN, cable TV unit MTV Networks -- with properties such as MTV, VH-1 and Nickelodeon --, as well as a 50% stake in Comedy Central, TV stations, movie theaters and book publisher Simon & Schuster. The company also owns 82% of Blockbuster, the largest video rental chain. End Symbols: US;VIA US;VIAB Source [B] - BridgeNews Global Markets