It was always tough, but today we are in the throes of something we have never seen in our history. It’s clear in recent times the market is looking for a bottom.

We recognize the need to adapt to a changing competitive environment.

Viacom’s results for the first quarter put the company on a fast track for another record year in 2004.

The newspaper is dying. I’m not sure there will be newspapers and its one business I’d never be in.

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

I think we’re in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.

Murdoch paid too much for the Wall Street Journal even when he didn’t have any competition.

Sometimes divorce is better than marriage.

The Internet is a powerful way to make lots of money… But we are not going to buy Yahoo!

We need to listen to consumers’ needs.

The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I’m not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdoch’s Wall Street Journal.

Success is not built on success. It’s built on failure. It’s built on frustration. Sometimes its built on catastrophe.

It was always tough, but today we are in the throes of something we have never seen in our history. It’s clear in recent times the market is looking for a bottom.