Thursday, March 17, 2005

Via con Dios Viacom

Late yesterday, Sumner Redstone floated the idea of splitting up Viacom. He didn't set a date. He didn't announce a definite plan. He was just sayin'. And overnight, Viacom share prices perked up. That Redstone -- such a stock-tease.

A breakup means Viacom can jettison its slow-growth businesses -- radio and outdoor advertising. Radio? Yeah, radio.

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