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Sumner Redstone

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Our job was to fix (Blockbuster). We've done that. Our job is to grow it now.

Sometimes divorce is better than marriage.

The Chinese government is more skeptical about American media companies, but I have been going to China for eight years and I don't think it will affect Viacom, ... In China, it is always two steps forward and one step back.

Viacom is off to a strong start in 2000, paced by the continued outstanding performance of MTV Network, which turned in its fifth consecutive quarter of 20 percent-plus ad sales growth, and Showtime, which registered a 25 percent gain in (cash flow) for the first three months of the year,

Viacom's exceptional third-quarter results highlight the across-the-board strength of our company, ... In addition to the return to significant growth at Blockbuster, we continue to see outstanding performances at the Paramount studio and at the MTV and Showtime networks.

We have made a strategic decision that the future of Viacom lies in maximizing the value and potential of our core entertainment assets, ... The sale of our education, professional and reference publishing businesses will further refine that focus on software-driven entertainment, unlock the substantial value of these undervalued publishing assets for our shareholders and dramatically improve our capital structure.

Viacom's fourth-quarter performance is indicative of a new vitality at the company and the major strides we have made in 1997,

We understand that the real market value of Blockbuster may never be fully realized as a wholly owned part of Viacom,

Having completed a strategic refocusing on its core television business, Spelling is a perfect fit with Viacom's entertainment business, ... By fully integrating Spelling into the Viacom family, with the efficiencies and economies of scale we can bring to bear, both Spelling's and Paramount's operations will be greatly enhanced.

Let me say it remains our intention to split off Blockbuster from Viacom sometime after the first of the year, ... Having said that, we will not give it away.

We are ready to go forward and we are optimistic that the FCC and DOJ (endorsement) will come soon,

We have a pretty clear signal that we will be able to keep UPN,

With both Viacom's and Infinity's core businesses performing at record levels, it is the perfect time to bring them more closely together, ... Combining Infinity with Viacom will now create a company that is financially even stronger and strategically even better positioned to generate superior returns.

The quarter was fuelled by double-digit ad sales growth across the board, spurred by such ratings triumphs as CBS's 'Survivor,' which generated significant prime-time audience gains at CBS, and MTV's 'Video Music Awards,' this year's highest-rated cable entertainment program,

Viacom turned in an outstanding performance in the second quarter of 2002, particularly in light of the continuing challenges of a slow recovery in the overall economic environment,

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