Posted
6:20 PM
by Gene
People must surely be noticing that media stocks are selling at a pitiful pittance these days -- even so we are astonished to learn that
SUMNER is selling a sizable portion of His empire to meet loan covenants with their SUMNER-owned parent. On ordinary days we would be happy to see this god suffer but of course He will not be the last one, god or otherwise.
P. S.
He also had the outfit He calls "CBS" write down $14 billion in "goodwill." He's becoming expert at this. Let's see: $12 billion + $15 billion + $14 billion =
$41 billion in six years. That's a lot of nothing Your companies are worth! No wonder we're talking crisis.