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


To: Bryan Arnold who wrote (2406)8/27/1998 7:56:00 AM
From: John M Connolly  Read Replies (1) | Respond to of 4613
 
Bryan & All: Now I have read the plan in the 7.00am release and this plan is supposed to unlock the hidden value of the stock.
Now trying not to sound stupid - I have no idea how this is supposed to work! We are going to sell off 20% of the radio - I take it that the funds will reduce debt and is the expectation that the share price of this radio company will skyrocket and take CBS with it?
I would have thought that meeting earnings would also have helped - and something more than a penny would have been a big boost - but what do I know!
John
Did you see that AMFM is getting bigger!