Sumner Redstone: World could end tomorrow!

October 23, 2008

Step off — CBS and Viacom are not for sale!

That comes courtesy of Sumner Redstone, who should know since he holds a controlling stake in both of the media companies. Here’s what he told the Wall Street Journal in an interview:

It’s budget cutting time

October 20, 2008


In the media world, it looks like it’s time for a trim. Whether that’s jobs, travel expenses, or anything else, budgets are coming down… With the economy in the sick ward, what did we expect?

National Amusements: Time to talk to the bank

October 17, 2008

redstone2.jpgAnother day, another twist in the latest Sumner Redstone drama. This time, the media mogul’s company, National Amusements, announced that it’s having sit-downs with its lenders over some debt covenants? What are the covenants? And how much debt to they cover? Nobody outside of the company seems quite sure at this point.

What’s new with the Redstone family?

October 15, 2008

sumner.jpgThe Redstone family knows drama. Late last week, Sumner Redstone’s family holding, National Amusements, announced that it was making a substantial stock sale in each of its key holdings, CBS and Viacom to comply with debt covenants. 

Advertising powerhouse considers advertising

October 3, 2008

google.jpgCould we soon see a flashy Google advertisement on TV? It’s possible, according to a Wall Street Journal article, which says that the search advertising powerhouse has quietly approached several ad agencies about efforts to promote some products.

So what’s the outlook for media?

September 9, 2008


For the media business, the next couple of days will likely set the tone for the remainder of the year. Why? Because just about everyone who is anyone will be speaking at a Merrill Lynch conference out in California.

Cable TV ads didn’t crater in Q2 – Pali

August 8, 2008

It looks like cable networks advertising held up quite well, despite investors fears, says Pali Research’s Richard Greenfield.

Google, Viacom privacy accord leaves unanswered questions

July 15, 2008

masks.jpgGoogle and Viacom reached a late night accord on safeguarding the anonymity of Google YouTube viewers. Google will no longer have to hand over the user names and IP addresses of its viewers.

Viacom bets “iCarly” is next tween queen

June 9, 2008

Miranda Cosgrove, the star of Nickelodeon’s “iCarlyDoes “iCarly” have that Hillary Duff-stuff? Is she serious like Miley Cyrus?

Viacom’s Nickelodeon and Sony Music are betting big that 15-year-old “iCarly” star Miranda Cosgrove will be the next “tween” media goldmine, stepping into the shoes of Duff (she of the “Lizzie McGuire” series, multiple films, and music releases) earlier in the decade, and current golden goose Miley Cyrus, aka “Hannah Montana.”

Attention shoppers: Madison Ave. thanks you

June 5, 2008

walmart.jpgMadison Avenue should breathe a sigh of relief, thanks to the retail sector. Big U.S. retailers posted slightly better-than-expected sales last month, which may give them confidence to keep their advertising budgets intact.