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Tuesday, October 05, 2004

Sumner Redstone Exposes Self

Johnnie Roberts, Newsweek:

Should media moguls refrain from endorsing presidential candidates? [...] The question has gained new urgency in New York and Washington after Sumner Redstone, who controls CBS-parent Viacom, enthusiastically endorsed President George W. Bush. From a "Viacom standpoint, the election of a Republican administration is a better deal," Redstone told an audience of CEOs in Hong Kong in late September, "because the Republican administration has stood for many things we believe in, deregulation and so on." In the widely-reported remarks, he added: "I vote for what’s good for Viacom." [...]

Critics, in a debate that’s now beginning to take hold, say Redstone may have risked exposing the entire media sector to the unwelcome appearance of coziness with federal regulators.

Yes, how dare he. What next? Telling us how Viacom hosts parties for congress members and sends them on vacations, then asks them to vote Viacom's way on legislation?