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Dauman Urges Industry to Remain Confident

Oct 13, 2008  •  Post A Comment

Viacom President and CEO Philippe Dauman told MIPCOM attendees Monday to remain confident about the outlook for media performers, the Hollywood Reporter says. Dauman’s address comes a few days after Sumner Redstone’s National Amusements company sold $233 million in CBS and Viacom stock. “The obvious market turbulence created a problem for our biggest shareholder, but I am extremely optimistic about the long- and midterm prospects,” Dauman said.
—Christopher Perez

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