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CONTACT: Amy Smorodin
June 22, 2006
(202) 289-8928

Sumner M. Redstone to Keynote Aspen Summit
Viacom, CBS Chairman to Speak at PFF Chairman’s Dinner on August 22

WASHINGTON D.C. - The Progress & Freedom Foundation will continue its long tradition of notable Chairman’s Dinner speakers at its 12th Annual Aspen Summit when Sumner M. Redstone, Executive Chairman and Founder of Viacom Inc. (NYSE: VIA and VIAB) and CBS Corporation (NYSE: CBS and CBSA) addresses the attendees on August 22.

"Sumner Redstone has been a major force and visionary in the media and entertainment industry for decades," said PFF President Ray Gifford. "From broadcasting to cable to the new world of digital media, Sumner Redstone and his companies have been trailblazers. With all of the change occurring globally in media and entertainment in both distribution and consumption of content, the insights Redstone will bring to our Aspen Summit will be timely indeed."

"The world as we know it is changing, and The Progress & Freedom Foundation is on the tipping point of that change," said Mr. Redstone. "The PFF Aspen Summit always draws an informed and powerful mix of government, industry and academia to its digital economy discussions. I’m looking forward to participating in and contributing to the important conversations that will take place about the digital revolution and how to best serve consumers and foster innovation."

Mr. Redstone serves as Chairman of the Board of both Viacom and CBS Corporation, roles he assumed after the separation of Viacom into two publicly traded companies, which occurred at the end of 2005. Mr. Redstone is the controlling shareholder of both companies.

The post-separation Viacom’s properties include MTV Networks (MTV, VH1, Nickelodeon, Nick at Nite, Comedy Central, CMT: Country Music Television, Spike TV, TV Land and many other networks around the world), BET, Paramount Pictures, DreamWorks, Paramount Home Entertainment and Famous Music.

CBS Corporation’s properties include the broadcast television networks CBS and UPN, CBS Television Stations Group, CBS Radio, CBS Outdoor, CBS Paramount Television, King World, Simon & Schuster, Showtime, CBS Digital Media Group and CSTV Networks.

Prior to the separation, Mr. Redstone had served as Chairman of the Board of Viacom since June 1987 and Chief Executive Officer of Viacom since January 1996. He became Chairman of the Board of Viacom when National Amusements, Inc. acquired a controlling interest in the New York-based company. Mr. Redstone has been Chairman of the Board of National Amusements since 1986, and Chief Executive Officer of National Amusements since July 1967. National Amusements is a closely held corporation which operates approximately 1,400 motion picture screens in the United States, the United Kingdom and South America and Russia.

Before joining National Amusements in 1954, Mr. Redstone began his career as Law Secretary with the U.S. Court of Appeals, and then served as a Special Assistant to the U.S. Attorney General. Subsequently, he was a partner with the law firm of Ford, Bergson, Adams, Borkland and Redstone in Washington, D.C. A Harvard Law graduate, he has taught at US universities and was a Special Assistant to the US Attorney General. During World War II, he served in the Military Intelligence Division in a special intelligence group whose mission was to break Japan’s high-level military and diplomatic codes.

The Aspen Summit, which Wired has compared to the annual Davos event in Switzerland and the Renaissance Weekend in Hilton Head, made its debut in 1995 and has continuously attracted high caliber speakers and attendees who have a stake in policies concerning all aspects of technology. The Chairman’s Dinner, hosted by PFF Chairman George A. "Jay" Keyworth II, has featured several prominent corporate leaders, including Hewlett Packard then-CEO Carly Fiorina, Sun Microsystems then-chairman and CEO Scott McNealy, and Amazon Chairman, CEO and founder Jeff Bezos. Last year’s speaker was legendary venture capitalist Tom Perkins, co-founder of Kleiner Perkins.

The agenda and further details about the 2006 PFF Aspen Summit at the St. Regis Hotel in Aspen, Colorado can be found on our web site and registration can be performed online. An early registration discount for attendees will be offered until June 30th. Members of the media will have their registration fees waived and should contact Amy Smorodin for more information at or (202)289-8928. Further details regarding the Aspen Summit will be announced in upcoming weeks.

The Progress & Freedom Foundation is a market-oriented think tank that studies the digital revolution and its implications for public policy. It is a 501(c)(3) research & educational organization.



The Progress & Freedom Foundation