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50Confidential | For Discussion Purposes SpringOwl's 99 Page Presentation On Turning Around Viacom

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50Confidential | For Discussion Purposes Only |
On September 6, 2006, the Day After Firing Viacom CEO Tom Freston for Presumably not Buying MySpace:
Asleep At The Switch In Digital Shift: Redstone
Hired Dauman and Dooley in 2006 To Do This
"I would rather . . . tell you that we--Philippe, Tom Dooley and I--will seek out every sensible deal,
whether it be in the digital space or otherwise, and we are determined not to let it get out of our
hands”….
[Dauman’s & Dooley’s recent private equity investment experience will give them] "important insights
that will enable us to better navigate the digital transition and prudently capture the enormous
opportunities that are clearly out there.“ – Sumner Redstone.
Talking about the digital opportunity in front of them at Viacom [in September 2006], Philippe Dauman
told analysts: “We have to be more plugged in.” 1
Yet What Investments or Digital Acquisitions has Viacom Made in The Last 10 Years Since These Empty
Promises?
50Source: 1. http://articles.chicagotribune.com/2006‐09‐06/business/0609060273_1_tom‐
freston‐mtv‐networks‐philippe‐dauman

Published in: Business
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