Wednesday, April 29, 2009

A Bull Market Coming?

"Sumner Redstone, executive chairman of CBS Corp, said on Wednesday that he thinks the U.S. stock market is at the start of a bull market. The octogenarian media mogul also said he has no plans to step down anytime soon or give up his controlling positions in CBS or Viacom ."The one thing I would never do is lose control of CBS and Viacom," he said, adding, "I have no intention of retiring or dying. I could live and work forever," he said, attributing his robust health to antioxidants, exercise and a shot of vodka a day."

I admire this man's style and I love optimists in general. But read on to see what he thinks about the future (or lack thereof) of newspapers.