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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2817 |
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Redstone's Viacom Inc. bought the CBS television network in 2000, adding its television stations and Infinity Broadcasting radio stations to his movie studio, theme parks and Blockbuster video stores, he said the new company would be a "formidable media giant" For that time it was a great giant indeed, but time is changing incredibly fast and in order to stay competitive, the company has to be able to respond the market needs as quickly as possible...
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Unfortunately Redstone couldn't handle such massive machine and decided to split Viacom in two independent companies: New Viacom and CBS Corporation at the end of 2005. "We live in a different world today, and you have to be able to respond to the changing world," (Ahrens, Washington Post, 2005) Redstone said in an interview for Washington Post...
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