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Newspapers have consolidated over the years, these days there's one per metro area. One reason why Warren Buffett bought part of the Washington Post. "If you'
by kristianp 11y ago
Newspapers have consolidated over the years, these days there's one per metro area. One reason why Warren Buffett bought part of the Washington Post.
"If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station — I'm talking of the past — you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference."
http://www.businessinsider.com.au/warren-buffett-good-business-could-be-run-by-idiot-2016-3?r=US&IR=T http://www.businessinsider.com.au/warren-buffett-good-busine...