he starred as a video crew person and playback operator, with viacom cablevision in san francisco and -- county. from there, he was the access coordinator for city visions, san francisco's public access channel operate by viacom cablevision's for seven years. while at viacom he successfully advocated for the upgrade of the facility, streamlined operations, improve community training and outreach. through his work with the public access channel, he became familiar with the public's need with and the many policy questions and conflicting priorities inherent in local tv programming. during the first gulf war use of the public access played a crucial role in providing the public with information and perspective disregarded by the mainstream media. at the end of 1993 he began working for the san francisco community television corporation, which is just starting to contract to operate san francisco's government channel. with this nonprofit, he took on the role of production supervisor and was involved in planning for management of public access in san francisco. he helped develop plans for

one is a bigger name which is viacom.the 60s right now, selling at about 11 1/2 times this year's earnings, not a lot of topline revenue growth, they took out 350 million in costs by reshuffling the organization, they had a smash hit, the first animation, they did 74 million for the show, and they've done over 315 million, and you get two tent poles coming right now. you have tom cruise in mission impossible and another terminator. joint venture in india, and they also have a new expansion of paramount pictures with subtitles. 8 million people signed up internationally. i think it's a legitimate, 9, 10% grower and a cheap stock. liz: spongebob plus europe plus india is smashing. the patriarch of viacom sumner redstone, "vanity fair" had a huge piece on it, there's concern where the patriarch may be getting old and may be gone someday soon, what does that do for a stock's value? >> well, the real issue is philippe doman who runs the company. i know they have estate overhang and plans, i can't weed that out. from a pure fun

see how new york can give your business the opportunity to grow at ny.gov/business >> so viacom has aically deleting employee emails on system after 30 days, just 30 days. comes in the wake of the sony picture hack where thousands of sensitive emails were leaked online. workers have 90 days to clean out their boxes. david, would that work for you. david: not at all you see picture of my office. this is crowded and cluttered. this is example of my email. if they delete my email account, i don't know how i would survive. that is after i cleaned it up for the picture. >> my goodness. it was tidier. bolt bowl in the next deirdre bolton. deirdre: so glad to see the picture, makes me feel so much better about my desk. melissa, david, thanks so much. thank you for joining us on "risk & reward." a bionic suit helping the disabled to walk again. a lot of tech founders quitting college. it is not the right move for everyone. we'll talk to a company taking the rage out of parking. ♪ deirdre: we have the top tech stories of the day for you. mark spoon now joining me no

you don't know whether you are getting programming from viacom or discovery.as always a little bit baffled why programmers did that. sot cow is out of the barn you're just going to talk to your phone or device and say this is what i want to watch. it's going to pull it up and you're going to start washing it. you are not going to have to worry about pulling up a button and starting to record it. you will have access really on-demand whether it is a 1930's movie or the latest sporting event. content,u distribute what would you ever go into creating content? doubt it. we barely have expertise to do what we are doing today. we have no expertise on content creation. content we created was like i'm chat show talking to you. it was a pretty bad show and that was the best we have ever done. betty: have you reinstituted that? >> the phone is not ringing off the hook to bring back charlie chat. betty: would you want to acquire a company? >> we never say never to that. strategically, we are like switzerland. -- we have msnbc and we have fox. we don't try to editorialize

while this is all happening, what is happening with viacom?ll happen with some of the redstone? who will take over that empire? chase could also be a pretty good candidate. there is a possibility there. olivia: it is an extraordinary mustache. roger has his fox news, that is his power center p are known will get him out of there in the short term. ago, is all this, years going back, if there has been a question about siblings being embarrassed, about fox news and upset with roger, that played out briefly in the press with criticizinghusband fox publicly, which was a huge deal at the time. that, rogerll of has such an incredible grip on that part of the empire to make so much money for them. i do not see him doing pushing that. not just chairman of the board, executive chairman. olivia: think you so much, felix. i cannot wait to watch your special on chevron tonight. erik: 7:00 p.m., 10:00 p.m. eastern time. luxury still ahead, sales are soaring but will a crackdown in china bring sales to a grinding halt? ♪ olivia: welcome back. it is time to

that these services will start to look like cable networks, little mini viacoms or time warners withur different content times. >> we've got to move on now. >> uber has $470 million on operating losses on about $450 million on revenue. it wasn't clear on whether the numbers were the result of a quarter, a year or some other time period. the report did say the numbers were present paid third party as part of a debt fundraising round. uber reportedly raised about $1 billion from a chinese backer signalling it could be close doer an eventual ipo. you expect companies operating at break-neck growth to be operating at a loss. uber said its revenue doubles every six months, do these numbers surprise you, $415 million in revenue seems a little small. to be clear i'm one of the first investors in uber, i don't knowing they about the operation of the company and i don't speak for the company. i can tell you that the company did say those numbers were a little bit older on the older side. that was the official statement from the company. not surprising to look at numbers like those when you're

i'm not going to give you the full but why blow-by-blow of how viacom pushed what he accomplished. before i do that i'm going to make a disclaimer. those of us that are in the biography business we often use a shorthand and those in particular that right the financial biographies, we tend to say or speak as though the things that happened during the presidency of the person we are writing about were published by the person that we are writing about. i want to be the first to acknowledge that is not universally true. sometimes it isn't even mostly true. lyndon johnson did not affect the civil rights movement by himself. by any means. they have lots to do with it as well. however it was in the 1960s and the essential role for the president diving that legislation through congress. and ronald reagan changed the political conversation but it's been moving in a liberal direction since franklin roosevelt was his ronald reagan. i will tell you what he's about to the cop should give you my scorecard on what he did accomplish. one of the secrets of the successes he focused very narrowly on

when you look at the size of traditional media companies, you think of comcast, disney, time warner, viacomere's a tremendously different scale that those companies have gotten to. netflix is very early in its global roll-out. we think they can get to $140 million plus worldwide subscribers by 2020. we think they'll get to 108 by the time you get to 2017. this is still very early in the story. i can understand people taking profit. i think you know obviously i can't tell anyone not to take profits in a stock they've made so much money in. but i think there's still a lot of room for the stock to run if they're replacing linear television. >> i've got a $950 price target on the stock. at the same time your notes highlight in bold print that your own earnings projections for this company are i believe in your words, well below consensus. so how does that -- >> absolutely. >> how does that mesh? >> i think it's because most people that are modeling this company are not doing it properly. the company has been very clear -- they are taking their u.s. profit, even some of their overseas profit, th

some think that viacom does not have a future. would you bet on viacom having a future?es it have a future as it is currently structured. will it be sold? i think everyone waits for the unveiling. >> right. would you comment? because i don't think you've been here for awhile. you wrote the most recent book. >> i did. what do you want to know? >> i want to know your thinking on it? >> i can tell you everything. >> all right. tell me everything. >> i mean rupert has said for 20 years he said one of my children is going to take over this company. and against -- actually fairly great odds because his children kept quitting on him and his executives kept forcing them out. then it looked like one of them would even go to jail. but somehow he has positioned them there. moved aside his executives put his children in place, his two sons who don't get along with each other by the way and who don't like much working for their father. >> you think they don't get along? and do you think that then they both end up running the company or does one of them try to knock the other one out?

viacom and the tack koe bell corporation celebrating a get schooled. >>> amazon today, a lot of newssla's meeting. the cfo is retiring. >> a lot of people felt that didn't happen and you wouldn't be able to make the numbers and they would have to raise capital. the company continues to be somewhat charmed and wall street likes it. i was surprised about the cfo. i like that guy. he's a straight shooter guy. >> musk talking about asking the government for permission to start testing thousands of satellite that would beam the internet from space. >> you have to understand that we'll be bombarded. i said something good about the cfo. i will now be bombarded by people saying why can't you recognize blah blah blah when you see it. at the same time, it's a cold stock. when i see the satellite thing, i don't know. i know some people who work in that division. they're the smarters kids of my friends -- the parents. anyone who's smart wants to go to tesla and just wants to work in that division. >> amazing company. we'll see what their future is. >> johnson controls the ceo on squawk earlier t

viacom leading the way there, in terms of the one we're showing up 3%. comcast, our parent company, news corp., cbs, all turning in a decent bmpbsperformance as well. this as regulators are closing in on hollywood, both here and abroad. the u.s. justice department is continuing its probe into the largest theater chains amc and sin cinemark. ramifications could impact ticket prices and profits. joining us right now with his reaction to all of this is hollywood veteran, mike metevoi, ceo of phoenix pictures. mike, welcome to the program. >> thank you. i like the veteran part of it. >> well listen we're looking at some of the movies you guys have produced talking about "black swan," "shutter island" and "holes." these are major pictures. have you ever had any trouble getting these pictures distributed to independent theaters? >> i mean you have two separate issues here, right? you have the issue about the theaters in their relationship to the studios in what they can release and what sort of difficulties people have in terms of getting them into the theater