Media Industry
Industry: Email Alert RSS FeedInvasion of the Viacom people.(Brief Article)
Broadcasting & Cable, April, 1999 by Higgins, John M.
Sumner Redstone promises new cable net to challenge resurgent Sci-Fi Channel After losing his 50% stake in USA Network's Sci-Fi Channel, Via-com Inc. chairman Sumner Redstone wants to start one of his own. Redstone last week said that Viacom's MTV Networks has two new cable networks on the drawing board: a general network aimed at adults 50plus and a science fiction net that would compete directly with USA's Sci-Fi Channel.
The science-fiction proposal faces dramatic competition, while the 50-plus proposal targets unclaimed turf, Redstone said. "No one else is doing this," he said, apparently ignorning a similar effort by long-ailing GoodLife TV, formerly Nostalgia Television. "Most of the money in the world is controlled by older people."...
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