Mel *QUITS*

[Shawn Mamros]

>Rumor has it that Mel himself is bound for Disney.

Seems highly unlikely.  The Disney board has already stated they're
solidly behind Michael Eisner and his current management team.  And
if Mel had troubles getting along with Sumner, that's nothing compared
with what it would take to work for Eisner.

A more substantial rumor, IMO, has Mel putting together a group of
investors to buy back Viacom's radio properties.  Supposedly Sumner
has said he's not adverse to the idea of selling those off.  Could
end up meaning that CBS Radio and CBS TV will be owned by different
companies, which could make things interesting at 1170 Soldiers Field
Rd (and a fair number of other prestigious addresses in certain cities).
As they say, stay tuned...

-Shawn Mamros
E-mail to: mamros -at- mit dot edu