The arguments about scaling and moving to digital make sense, but I still haven't seen a model that works online. Small circulation newspapers have the luxury the advertising being reasonably steady. The weekly publication especially has many community announcements and local ads. These mostly remain stead, except the cost of people, printing and distribution continues to climb.
Attempts by others to shift these local advertisers to digital has mostly failed (as Patch will see).
I don't think Buffet would go for a loser, but this may just be a modest, moderate gain, if not break-even.
What do you think? Small circulation newspapers worth purchasing?
The Oracle of Omaha acquired his hometown newspaper in January and just snapped up dozens more in a $142 million deal. This is supposed to be the fastest declining industry in America. What is Warren Buffett up to? Here’s why the deal makes a lot more sense than it appears: A “three corner pool shot” This week’s deal makes Buffett’s company, Berkshire Hathaway, the proud owner of the Richmond Times-Dispatch and 62 other daily and weekly papers in...
Warren Buffett and his conglomerate investment holding company Berkshire Hathaway's (BRK.B) investment returns are legendary. Over the long-term, the company has averaged over a 20% growth in book-value, and it's stock has returned more than 76% during the last decade from ...
Warren Buffet has a net worth of $44 billion. He is the CEO of Berkshire Hathaway. Aged 81, he is a self-made billionaire who currently resides in Omaha, NE. As an American citizen, he graduated from the University of Nebraska Lincoln with a BA/BS and completed his masters at Columbia University.
Warren Buffett is like my ten year old. When she gives me some BS story about something she needs or something she is suggesting there's always a good reason for it. But whenever there's a good reason...
I was hoping that maybe..., lets say..., someone like..., er, Warren Buffet could tell us about the next update from Microsoft on their Windows 8 platform.
Yes, Warren. Please take it away ... tell us about the latest User Interfaces and how the Windows 8 platform will simplify maintenance of patches. Security and virtualization... exploitation of 64bit processors from Intel.. Please enlighten us.
Oh and wait... Warren, you have been diagnosed with prostate cancer. Please enlighten us on the latest treatment methods.
OMG. Can we ask someone who is least qualified to comment on these subjects?