Sumner Redstone Says That All Newspapers Will Be Gone In Two Years
from the how's-that-crystal-ball dept
Sumner Redstone, who controls both Viacom and CBS, apparently thinks that all newspapers will be gone in two years. We'll be sure to check back on this prediction at the end of April in 2012. That said, he's most likely correct in his criticism of Rupert Murdoch that he made a big mistake investing in print newspapers, but the claim that there "won't be any newspapers in two years," seems unlikely. Of course, it's also worth noting that Redstone predicted that he will live forever, so perhaps we can chalk all this up to octogenarian hyperbole. But, if I were a betting man and were to bet on who'd live longer: print newspapers or Sumner Redstone... I think I'd side with the newspapers.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: newspapers, sumner redstone
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Well...
If current trends continue...
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So the apocalypse will end all newspapers then.
Ohshitwait
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Bye bye newspapers
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Even the Mayans didn't think it was the end of the world. They thought it was the end of the old age, start of the new. Kinda like that whole "ago of Aquarius" thing.
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His time line of 2 years is a little off but the trend show that in less than a decade they will all be gone. Merging and consolidating wont save them. Peoples consumption and news habits are changing back to how we were before the printing press. Stuff that interests them, and stuff their friends tell them about is moving to the fore front. People dont realize they are making this change.
As they say you cant fight human nature.
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Numbers will be greatly thinned out.
While the industry was imploding many print publications raised classified ad rates, driving clients to online sites. I think it is unlikely that they will ever recapture that business.
Ronald J. Riley,
Speaking only on my own behalf.
President - www.PIAUSA.org - RJR at PIAUSA.org
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Washington, DC
Direct (810) 597-0194 - (202) 318-1595 - 9 am to 8 pm EST.
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Also, the best thing about a prediction is the day after...
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