THE CHAIRMAN AND CEO OF VIACOM, THE AMERICAN MEDIA GIANT, WAS IN China last week to announce new business ventures in that country for MTV and Nickelodeon. Back home, meanwhile, another Viacom network, CBS, was weathering the flak over its disputed report on President Bush's National Guard duty. Redstone spoke with TIME's Neil Gough in Guangzhou.

HOW CLOSELY HAVE YOU BEEN FOLLOWING THE CBS NEWS CONTROVERSY? Let me first give you some perspective. Neither I nor any executive at Viacom has any access to or plays any role in the news reports that come from CBS. Like you, we read about...

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