CBS invests in Ticket Reserve
June 6th, 2007 by GB
Posted by: Grayson Brulte
Sumner Redstone announced today during an interview with Maria Bartiromo that CBS has invested an unspecified amount in Ticket Reserve. This clearly indicates that Redstone is committed to digital after he lost MySpace. This deal comes on the heals of CBS purchasing Last.FM for $280 million.
Sumner even mentioned that Les Moonves was looking to open a Film Studio. Les has the full support of Sumner to
Redstone Tells CNBC: Viacom, CBS Better Off After Being Split. Watch the video here.
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