90 Is the New 40

http://www.futureofcapitalism.com/2010/08/90-is-the-new-40

The Washington Post (link via Romenesko) reports that the 90-year-old Rev. Sun Myung Moon is close to buying back the Washington Times from one of his sons. That follows on the heels of 92-year-old Sidney Harman's purchase of Newsweek. What's the takeaway? Do you have to be older than 90 to have the years of accumulated wisdom to see the value in a print publication? Or to have a short-term enough investment outlook not to worry that that value will be eroded by the Internet? Maybe when CBS's Sumner Redstone hits 90 three years from now he'll go on a newspaper or magazine buying spree. Or Maurice "Hank" Greenberg in five years. Print media: the fountain of youth.

by Ira Stoll  |  Aug 25, 2010 at 9:16 am Related Topics:  Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list