Karmazin: I’d have sold Viacom but for Sumner

November 29, 2011

Photo (Reuters): Mel Karmazin, CEO Sirius XM

Sirius XM Satellite Radio chief Mel Karmazin on Tuesday stopped by the annual Reuters Global Media Summit to talk about his company, its future and to occasionally go down memory lane on a range of what if’s.

CBS: Get used to growth

May 4, 2011

CBS put on a big show in yesterday’s quarterly report, blowing out estimates on both profit and revenue. On the call that followed, Sumner Redstone called Les Moonves a “genius,” and Moonves called broadcast TV “the best game in town.”

Hizzoner Roasts Murdoch

April 27, 2010

Rupert MurdochLast night, The Wall Street Journal held a party at Gotham Hall for a slew of  media, advertisers, bigwigs (Barry Diller, the cast of In the Heights!) to introduce Greater New York, a souped up metro section that debuted on Monday. Perhaps you have heard of it.

Happy Monday, Sumner Redstone

March 29, 2010

It was a very pleasant start to the week for Sumner Redstone’s Viacom, owner of  BET, MTV, Nickelodeon and the Paramount movie studio. A flattering Barron’s story, analyst upgrades… What more can a media company want these days?

Sun Valley: The stars align

July 8, 2009

Allen & Co’s 27th Sun Valley media and technology conference starts on July 7 and ends on July 12. In the meantime, expect media writers to breathlessly report, blog, tweet, photograph and record the event. Why the fuss? There are literally hundreds of people coming who are known to do nothing else than run the universe when it comes to TV shows, movies, telecoms, the Internet and all sorts of other electronic communications. We have lists of all the people who bankroll them as well, along with a list of other interesting people you will find there.

Sumner Redstone cool with Dauman; theaters hot with buyers

April 30, 2009

As we previously noted in MediaFile the main takeway from Viacom’s earnings call was that advertising is awful, but it’s not getting worse. But there were a few other highlights, too, so here’s a time-saving rundown:

Redstone swears by fish, vodka…and married women

April 30, 2009

Media mogul Sumner Redstone credits fish, Grey Goose vodka and plain hard work for giving him “the health of a 20-year-old.” 

Outlook grim for media and entertainment deals

February 27, 2009

Deal-making in the U.S. media and entertainment sectors is going to be down this year, says a new PricewaterhouseCoopers survey (request a copy here). Now, that’s not a new or startling conclusion given the state of the economy, but it’s just another piece of evidence that when consumers and advertisers get thrifty, deal makers can end up become benchwarmers as companies struggle with cost cuts and other exigencies.

Redstone debt crunch could be easing, despite income loss

February 19, 2009

Here’s the latest on Sumner Redstone: On CBS’s earnings call he reiterated that negotiations with lenders regarding National Amusements’ debt situation were moving forward.

Throwing an orgy of pessimism? Well, don’t invite Viacom

February 12, 2009

How bad is the advertising market? Pretty bad, says Viacom Chief Executive Philippe Dauman. And it’s only going to get uglier.