May 21st, 2012 by Bob Bly
Many people believe newspapers are an antiquated, soon-to-be-dead medium.
But if so, why did Warren Buffett — arguably the world’s savviest investor — just buy 63 newspapers for $142 million?
“Berkshire Hathaway doesn’t fool around,” said analyst Edward Atorino. “I don’t think Berkshire Hathaway does anything where they’re going to lose money.”
“We may buy more newspapers,” said Buffett. “I think the economics work out OK.”
This entry was posted on Monday, May 21st, 2012 at 11:57 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.