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ANALYSIS: Does Sumner Redstone Have The Guts To Fire New Viacom's CEO Tom Freston?

Authored by Jay Baage on August 28, 2006 - 9:49am.
Tom FrestonMTV is slowly turning its ship to head in a new direction. The problem is not what the company has done in the past 25 years, I would argue it is what it has not done in the past 5 years. It missed a number of new media opportunities seized by Apple’s iTunes, News Corp’s MySpace and YouTube. The man responsible for that is New Viacom CEO Tom Freston. But MTV’s new President Christina Norman finally promises new initiatives “in the next couple of months” including a social network of their own.
tags: Internet | Tech | TV | MTV | Viacom | Christina Norman | New Media | Tom Freston | Sumner Redstone |

EU Commissioner Opens Investigation on New Media

Authored by Mark Hefflinger on July 9, 2004 - 6:27am.
Brussels -- EU Competition Commissioner Mario Monti said this week that he would open an inquiry into whether European TV, music and sports operators were keeping their content from so-called New Media providers like mobile-phone operators and suppliers of video-on-demand. A growing number of Europe's smaller entertainment and telecommunications companies are complaining that video stores and TV networks have little interest in accommodating New Media and that they being discriminated against. An openly sympathetic Monti said that video-on-demand was being "hindered … by strong tendencies by established TV operators to protect their position to the detriment of new technologies and new players". He also said the EU would move to promote the "rapid and undisturbed development" of New Media and "act wherever we detect foreclosure of markets".
tags: New Media | Investigation | EU Commissioner |