Warren Buffett Was a Terrible Newspaper Owner
When he purchased 63 local newspapers eight years ago, Berkshire Hathaway CEO Warren Buffett knew this was not going to be one of his legendary investments. “The newspaper business,” he said, “is a declining business, and we will pay a price to be in that. That is not where we will make real money.” This was more of a civic investment. “In towns and cities where there is a strong sense of community, there is no more important institution than the local paper,” he added. He had acquired his hometown paper... Читать дальше...