Success is not built on success. Its built on failure. Its built on frustration. Sometimes its built on catastrophe.
By: Sumner Redstone
The Internet is a powerful way to make lots of money... But we are not going to buy Yahoo!
We recognize the need to adapt to a changing competitive environment.
The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. Im not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdochs Wall Street Journal.
Viacoms results for the first quarter put the company on a fast track for another record year in 2004.
We need to listen to consumers needs.
Sometimes divorce is better than marriage.
We understand that the real market value of Blockbuster may never be fully realized as a wholly owned part of Viacom.
I think were in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.
It was always tough, but today we are in the throes of something we have never seen in our history. Its clear in recent times the market is looking for a bottom.
The newspaper is dying. Im not sure there will be newspapers and its one business Id never be in.
Murdoch paid too much for the Wall Street Journal even when he didnt have any competition.
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