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Buffett is really smart guy. But this acquisition is weird. At the time when "journalism is a dying breed" and newspaper industry failing to generate substantia
by dm8 14y ago
Buffett is really smart guy. But this acquisition is weird. At the time when "journalism is a dying breed" and newspaper industry failing to generate substantial revenues due to the "Internet Tidal Wave" of past decade, why is he buying good ol' newspaper company?
- waterlesscloud 14y agoFrom the article- "He said newspapers need to resolve problems with high production and delivery costs and the practice of making their products available for free over the Internet."
- chucknthem 14y agoBuffet is the epitome of a contrarian investor. He's buying precisely because he thinks the popular opinion about the dying newspaper industry is exaggerated, and he can get a good deal for his money.
- KaoruAoiShiho 14y agoBecause a newspaper is not a bunch of dead trees. It's the brand, the community history, the reporting. Take those, + scalable internet model and you can probably do decently.