Sumner Redstone, one of the great empire-builders of the media world, on Friday said he had no regrets about his decision to break up Viacom Inc., the massive media company that owns MTV, CBS and the
Paramount movie studio. "The age of the conglomerate is over," Redstone said, addressing a small group of reporters at an annual retreat for media moguls in Sun Valley, a scenic resort tucked into the
mountains of Idaho.
Read the whole story at AP, July 8, 2005 »