Quote of the Day

"Phillipe would enhance our growth and would be more aggressive and entrepreneurial and would never let anything end up in our competitor’s camp" – Sumner Redstone on the outster of Tom Freston and the hiring of Philippe Dauman.

According to the NY Times, "Mr. Redstone was referring to Viacom’s having been outbid for MySpace.com by the News Corporation, and his view that Viacom had failed to make progress in the digital media area.

I can hear the sounds of media bankers licking their chops.