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MTV CHAIRMAN DECIDES TO STAY ON Tuesday, October 3 2006 
MTV
Networks
Chairman
Judith
McGrath
has
decided
to
remain
with
the
company,
ending
weeks
of
speculation
that
she
might
quit
following
the
ouster
of
Viacom
CEO
Tom
Freston,
who
was
regarded
as
her
mentor.
In
an
interview
with
today's
(Tuesday)
New
York
Times,
McGrath
said,
"I
want
the
people
that
work
here
to
know
that
I'm
here
and
I
believe
in
our
strategy
and
I
believe
in
them."
Responding
to
criticism
that
MTV
has
not
(more)VIACOM TO MAKE 'SMALL ACQUISITIONS' OF ONLINE COMPANIES Wednesday, September 20 2006 Viacom CEO Philippe Dauman told an investors conference in New York Tuesday that the company will probably make small acquisitions to boost its online business. Dauman, who took over the reins of the company earlier this month after former CEO Tom Freston was fired, said that Viacom would probably not spend more than $100 million on a single acquisition and probably limit its deals to a few million dollars. In the past, Viacom has been (more) |
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Viacom Chairman Sumner Redstone says he regarded the failure of former Viacom CEO Tom Freston to acquire MySpace.com as "humiliating." In an interview with Charlie Rose on PBS Wednesday night, Redstone said before rival Rupert Murdoch showed an interest in the Internet site, "MySpace was sitting there for the taking for $500 million." He said he now figures it's worth $1.5 billion. [That figure was substantiated in an article appearing today (Friday) in Business Week Online, which quotes mergers-and-acquisitions expert Tom Aulli of Soleil-Media Metrix as saying, "This is probably one of the best acquisitions ever."] Losing the MySpace deal to News Corp, Redstone indicated, lead to his decision to fire Freston. He said, however, that he would not try to acquire MySpace rival Facebook. "We looked at it. The price is too high," he said.
