Karmazin: Attacks Cost Viacom $200M.(terrorist attacks on U.S., Viacom Inc.)(Brief Article)(Statistical Data Included)
Multichannel News, October, 2001 by FARRELL, MIKE
NEW YORK -- Viacom Inc. president Mel Karmazin offered analysts and investors more details on how terrorist attacks in New York and Washington affected his company's cable and broadcast networks, saying the events of Sept. 11 cost it about $200 million.
Viacom's television networks -- including broadcast giant CBS Inc. and cable networks MTV: Music Television and VH1 -- switched to round-the-clock news coverage in the days after the attacks; the cable networks aired a CBS News feed through the weekend after the incident.
Naturally, CBS took the biggest hit: It lost about $85 million in advertising revenue. At Viacom's 35 television stations, $40 million in advertising revenue was forfeited, while UPN lost $3 million and the cable networks gave up...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express