Sumner “liberal Democrat” Redstone, head of Viacom, CBS’s massa, endorses Bush and spikes the CBS Iraq piece.
The Naked Truth about the death of big media journalism. CBS is spiking its story on Iraq because Viacom head endorses Bush.
Yesterday, the chairman of CBS’s parent company chose Hong Kong as a place to drop a little bomb. Sumner Redstone, who calls himself a “liberal Democrat,” said he’s supporting President Bush.
The chairman of the entertainment giant Viacom said the reason was simple: Republican values are what U.S. companies need. Speaking to some of America’s and Asia’s top executives gathered for Forbes magazine’s annual Global CEO Conference, Mr. Redstone declared: “I look at the election from what’s good for Viacom. I vote for what’s good for Viacom. I vote, today, Viacom.
“I don’t want to denigrate Kerry,” he went on, “but from a Viacom standpoint, the election of a Republican administration is a better deal. Because the Republican administration has stood for many things we believe in, deregulation and so on. The Democrats are not bad people. . . . But from a Viacom standpoint, we believe the election of a Republican administration is better for our company.”
Sharing the stage with Mr. Redstone was Steve Forbes, CEO, president and editor in chief of Forbes and a former Republican presidential aspirant, who quipped: “Obviously you’re a very enlightened CEO.”
Also, here is MSNBC/Newsweek on CBS’s spike: The Story That Didn’t Run