From a WaPo (reg req’d) piece on media conglomerates and growth:
Topping Redstone’s shopping list are more cable television channels to add to the MTV/Nickelodeon empire, he said. He added that Viacom is “underinvested” in the Internet and will look for acquisitions there. “But not Yahoo or Google,” he said.
How sporting that Viacom, market cap of about $57 billion and no growth story, deigns not to “buy” Yahoo, market cap of $44 billion, or Google, market cap $49 billion, both living smack in the middle of the fastest growing sector of the media business. Jesus. If only Time Warner had deigned not to “buy” AOL.