Friday, July 13, 2007

Redstone expects Viacom to beat digital revenue target

(Reuters) - Redstone made the comment to reporters after arriving at the 25th annual Allen & Co. media conference in Sun Valley, Idaho.



When asked about acquisition targets in digital media, Redstone said, "Our goal is not to spend tons of money on stuff that has arrived." Viacom "is so strong we don't have to make a transformative deal," he said.


Read more at Reuters.com Mergers News

No comments: