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Viacom CEO wants to sell Blockbuster

Old 11-17-03, 05:06 PM
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Viacom CEO wants to sell Blockbuster

In the November 9-15, 2003 issue of Video Store magazine, there is an article about Blockbuster's DVD trade-in program, and at the end of the article, it talks about the same day Blockbuster announced they would be doing the trade ins, Viacom CEO Summer Redstone suggested a sale of Blockbuster could be a reality in the not so distant future.

"I don't believe Blockbuster is a core brand," he said. According to published reports, Redstone also said that Viacom is "essentially...not in the retail business." He did not elaborate further. Apparently, it wasn't too long after the Big Blue's stocks plummeted 30 percent last year on Dec 18th that Summer Redstone suggested an eventual sale of Blockbuster wasn't entirely out of the question.
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Old 11-17-03, 09:14 PM
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So all of that talk of BBV buying CH ... maybe CH is looking to buy BBV.
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Old 11-19-03, 03:41 PM
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So all of that talk of BBV buying CH ... maybe CH is looking to buy BBV.
One can only hope...
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Old 11-19-03, 05:56 PM
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Or you could have HV come in an buy BB, then we would all be SOL.
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