Dauman: Viacom Is "Recession Resistant"

Bloomberg:

Viacom Inc. Chief Executive Officer Philippe Dauman said the owner of MTV Networks and the Paramount film studio is ``recession-resistant'' and met a target for Internet revenue last year.

Digital sales reached the $500 million goal Dauman set after he took over the New York-based company in 2006. Internet businesses will become a larger and more integrated part of Viacom, Dauman said in an interview today. Overall, the company hasn't seen any effect of an economic slowdown, he said.

``So far we are not really seeing any impact of all the talk of the economy,'' Dauman said in an interview with Bloomberg Television today in New York. ``We have the benefit of good ratings and a shortage of inventory in the ad sales marketplace.''

Read the whole story: Bloomberg

Comments

[Ginzaman]

I wonder what he'll say when he's forced out by Sumner Redstone and demands his mega-million dollar severence package that NATURALLY he earned?

[drumz]

Gouging us all these years has given him a mighty cushion to ease the pain of a recession.

[WIpatriot]

If the price of movie tickets keeps going up the way it has been, he may have to eat his words.