Mel Karmazin Cbs Quotations

Today's announcement is the culmination of a process that began with the merger of Viacom and CBS and realizes an important opportunity to bring new efficiencies to the broadcast business, while maintaining the distinct voices of CBS and UPN,

The company expects to benefit from the ratings improvement at the CBS television network which, combined with the reduction in its cost structure, will enable the network to become a positive contributor to the company's future cash flows.

During the quarter, we announced acquisitions in virtually all operating areas of the company -- in television stations, the Internet, outdoor advertising and syndication, ... We believe these new investments will create significant value at both CBS and Infinity in the years ahead.

Over the next 12 months, AOL members will view half a billion pages with the CBS News logo framing our editorial content, ... That's a tremendous number of impressions, in a medium that augments our more traditional television and radio audience.