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FRESTON GIVEN ROCK-STAR LIKE FAREWELL Friday, September 8 2006 
Viacom
employees
gave
Tom
Freston
a
rousing
sendoff
Thursday
unlike
any
staged
for
an
ousted
company
CEO
in
memory.
Workers
left
their
offices
and
cubicles
at
Viacom's
headquarters
in
Times
Square,
packing
the
lobby
of
the
building
and
spilling
onto
the
sidewalk
outside.
Security
personnel
estimated
that
the
crowd
numbered
some
2,500.
Staffers
said
that
the
demonstration
occurred
spontaneously
and
was
touched
off
by
emails
sent
to
employees
throughout
the
complex
just
minutes
before
Freston
(more)MOONVES GOES TO THE MOVIES Friday, August 4 2006 
CBS
Chairman
Les
Moonves
touted
his
company's
entry
into
the
movie
business
Thursday,
telling
analysts
that
the
broadcaster
would
be
able
to
make
films
budgeted
at
$10-50
million
"risk
free."
In
a
conference
call
to
discuss
CBS's
quarterly
earnings
report,
Moonves
emphasized,
"I'm
talking
about
zero
risk"
and
said
that
under
his
plan
the
films
would
be
profitable
"before
a
dollar
is
achieved
in
box
office."
He
suggested
that
profitability
could
be
guaranteed
by
DVD
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CBS Chairman Les Moonves says that he watches CBS's stock price about as intently as he does its ratings. "But there is a difference," he told today's (Tuesday) New York Times. "It is overnights every 10 minutes. I look a few times a day. An analyst said you should look at it once a week. That is like saying: 'Don't look at your ratings.'" Since Viacom chief Sumner Redstone split the company in two earlier this year, CBS stock has risen 11.7 percent, closing on Monday at $29.26. Redstone told the newspaper, "Les is spectacular. He's the best in the media business, if not all businesses." In its report, the Times observed that Redstone had shown the same "effusiveness" to Tom Freston, whom he fired last week. When Moonves was asked how it feels to work for someone who fired Viacom's CEO after one bad year, Moonves replied, "Next question."
