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Viacom's Redstone Doesn't Want EchoStar (The Street.com)

  • , Tuesday, March 9, 2004 12 AM
Chairman Sumner Redstone said Monday evening he could imagine buying a cable TV system, but he gave a thumbs-down to getting into the satellite TV business. Redstone also predicted that the company's local advertising businesses, which disappointed investors last year, would rebound by the second quarter.

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