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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?


To: Patrice Gigahurtz who wrote (4556)7/30/2002 2:45:40 PM
From: joarel  Read Replies (1) | Respond to of 4613
 
Thanks for your reply Pat.
I couldnt agree more. The market has not been as kind to the business strategies of Viacom competitors. I thought it would be humorous to highlight a few!

Back when Viacom was still WX, I purchased shares in 1997 with the idea to hold for 5 years. At the beginning of 2002, I felt if the market continued upward, Viacom would go higher then $50. But when the market started to head South, I sold and cashed in. I'm sure you can agree that if you held from 1997 until early this year, you made out OK ;)

Now, I'm looking for the next opportunity to buy VIA.b.

~joarel



To: Patrice Gigahurtz who wrote (4556)8/24/2002 12:25:46 PM
From: Ron  Read Replies (1) | Respond to of 4613
 
Interesting posting from newsgroups. If you listen to the audio from this story, you may rethink your attitude toward Viacom:
Once upon a time, the FCC enforced standards which guaranteed that radio and tv stations which use the public's airwaves to make money,at least sometimes served the public interest. No more.
The smoking gun has the St Patrick's Cathedral sex incident audio, along with a summary of what happened. The DJ's have been fired by WNEW: thesmokinggun.com

Now ask yourself, what should the FCC do to the company that aired this? .How about revoking their broadcast licenses nationwide? That would send quite a message since the owner is Viacom, the congomerate which operates Infinity Broadcasting and CBS.
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OK revoking licenses nationwide might be a bit extreme...but how about requiring media outlets to daily publish and broadcast the CEO's Name, business address, phone number, email and fax number? Gee, Sumner Redstone might pay a little more attention if that happened. Same for Michael Eisner, Steve Case, et al.