Viacom Chairman Sumner Redstone Declares 'Ink' Will Be Dead in Two Years
At the Milken Institute Global Conference in Beverly Hills yesterday, Viacom Chairman Sumner Redstone took time off from his own media company’s struggles to predict the demise of newspapers, or the ‘ink business’ as he called it. Redstone gave print two years to live.
Though we typically find this type of prognostication/grave-dancing annoying, Redstone took some time to bash Rupert Murdoch during his speech, which we find quite funny. Bloomberg quotes Redstone as ridiculing Murdoch’s $5.5
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