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Sumner Redstone

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The quarter was fuelled by double-digit ad sales growth across the board, spurred by such ratings triumphs as CBS's 'Survivor,' which generated significant prime-time audience gains at CBS, and MTV's 'Video Music Awards,' this year's highest-rated cable entertainment program,

The significant strengths of new Viacom to deliver consistent double-digit, bottom-line growth and the proven cash generation ability of CBS Corp. will underpin their performance and define their attractiveness to investors.

The transaction should also enable us to retain the best people for each business and would provide incentives for the creation of shareholder value that are more closely tied to the businesses they run,

Viacom is off to a strong start in 2000, paced by the continued outstanding performance of MTV Network, which turned in its fifth consecutive quarter of 20 percent-plus ad sales growth, and Showtime, which registered a 25 percent gain in (cash flow) for the first three months of the year,

Viacom turned in an outstanding performance in the second quarter of 2002, particularly in light of the continuing challenges of a slow recovery in the overall economic environment,

Viacom's exceptional third-quarter results highlight the across-the-board strength of our company, ... In addition to the return to significant growth at Blockbuster, we continue to see outstanding performances at the Paramount studio and at the MTV and Showtime networks.

Viacom's fourth-quarter performance is indicative of a new vitality at the company and the major strides we have made in 1997,

Viacom's fourth-quarter performance is indicative of a new vitality at the company and the major strides we have made in 1997.

We are extremely fortunate to have John, a top-notch executive with more than 25 years of experience in the service-oriented retail business, as the new leader of Blockbuster Entertainment,

We are ready to go forward and we are optimistic that the FCC and DOJ (endorsement) will come soon,

We are ready to go forward and we are optimistic that the FCC and DOJ (endorsement) will come soon.

We are siblings separated in 1971 and are today reunited, ... This partnership seems almost dictated by destiny.

We are very optimistic on the rest of the year.

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