Great Success Is Built On Failure, Frustration,

It Was Always Tough, But Today We Are In The Throes Of Something We Have Never Seen In Our History. It's Clear In Recent Times The Market Is Looking For A Bottom.

I've Always Had That Obsessive Will To Win And A Commitment To Excellence.

At The Time We Acquired Viacom, Everyone Said I Had Overpaid. But Even At Today's Depressed Prices, That Investment Is Worth Billions. Everyone Was Saying Mtv Was A Fad. I Knew Better.

We Need To Listen To Consumers' Needs

Viacoms Results For The First Quarter Put The Company On A Fast Track For Another Record Year In 2004.