bawast

Berkshire Hathaway Should Buy CBS

Sumner Redstone controls CBS, is a promoter, and likely would demand a large premium. Because CBS cash flows predominately stem from its TV and Radio broadcast properties - both of which are seeing audiences declining at an accelerating rate - those cash flows arent likely to grow - or even stabilize - for years. Yes, they are helped every couple of years by political or superbowl ad revenues, but the trend is still down.