WSJ.com - Viacom Posts $18.44 Billion Loss On Radio, Advertising Charges

WSJ.com - Viacom Posts $18.44 Billion Loss On Radio, Advertising Charges: "Viacom Posts $18.44 Billion Loss
On Radio, Advertising Charges
By JOE FLINT
Staff Reporter of THE WALL STREET JOURNAL
February 24, 2005 3:00 p.m.
Viacom Inc. took an $18 billion fourth-quarter write-down on its radio and outdoor-advertising units, acknowledging weak market conditions confronting both businesses, while also forecasting tepid growth for the overall company in 2005."

Classic misdirection away from television to the dogs or goats of radio and outdoor (which, make no mistake deserve their fortunes)

No mention whatsoever of the Internet, Gaming (except for theme parks - try again), Mobile etc - you get the picture.

Who's laughing now? Clue: His name starts with a M and ends in an EL.

P.S. Whatever happened to Viacom + (codename: window-dress the 30-second spot)