"The newspaper is dying. I'm not sure there will be newspapers and its one business I'd never be in"
- Sumner Redstone
About this Quote
Sumner Redstone's quote recommends that he believes the paper industry is in decline which it is not a practical company to pursue. He is indicating that the paper market is no longer a reputable source of earnings which it is not a wise investment. This is likely due to the rise of digital media, which has actually made it simpler for people to gain access to news and details online. This has triggered a decline in newspaper readership and revenue, causing the decline of the market. Redstone's quote is a warning to those considering getting in the paper business, as he thinks it is a passing away industry and not a wise financial investment. He is recommending that it is much better to buy other markets that are more likely to be successful.
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