ping
While reading Warren’s biography... Snowball... we find out that Warren made his seed money delivering newspapers in Washington D.C. as a boy...
Not to be forgotten ever since Buffett elbowed into the WarshPost they’ve been decidedly anti-semitic.
What do you mean we already give it to you now, for free?
Its too bad there aren’t any super rich Freepers. I think conservatives are ripe to support a local paper. Maybe we could start a weekly and find out, our local paper is $1 a day and $2 on Sundays... I would pay a buck for a small conservative weekly, would anyone else?
Thanks to the Internet, they lost the pretense of objectivity and the monopoly on news. Their essential nature was a facade of objectivity, and that is gone forever. Amazingly, reporters think it was worth it, and they believe it is still worth it to put their last few issues out with "All the Bias that Fits, We Print".
Thank you for the good news for the weekend. This recession has it’s silver lining.
To say nothing of their sanity, integrity and credibility.
Going down with the ship? Just to prove a point? Not very bright.
Reuters piling on. ;)
Buffett offers bleak outlook for U.S. newspapers
http://www.freerepublic.com/focus/f-news/2242926/posts
Berkshire also has a substantial investment in the Washington Post Co. He said the company has a solid cable business, a good reason to hold onto it, but its newspaper business is in trouble.Here's some red meat for all the b@st@rds out there who "get off" on watching fishwrap liveblog its own death. LOL.
Berkshire Hathaway Liveblogging: "Unending Losses" for Newspapers
May 2 2009 by Megan McArdle
Up here in the plushly appointed press box, patrolled by grim looking security guards, the members of the press are paying varying levels of attention to the questions. In part, that's because some of the questions aren't really that relevant to most business journalists, whose editors are not panting to hear what Warren Buffett thinks about promoting the principles of value investing among today's young people. Other questions are only relevant to a few peoples' beats.
Besides, the shareholder meeting is, as these meetings go, very, very long. Press registration started at 6:30 pm, the movie began playing at 8:30 am, the Q&A has been going on for several hours, and well, there's a buffet. A really nice buffet, with little biscuits and three kinds of meat and all the soda you can drink.
But the minute Buffett was asked about newspapers, everyone in the place was as attentive as a doberman on high-dose Adderall. Finally, Warren Buffett takes on the world's most important topic!
Sadly, what Warren had to say wasn't particularly novel: newspapers are in big, bad trouble.
[Buffet quote snipped]
Yes, folks, you've just lashed yourselves to the rail of the Titanic. But at least there's a buffet on the promenade deck.
“Berkshire won’t sell its newspaper businesses and investments, Buffett noted, citing the company’s promise to hold investments over the long term.”
The whoreacle from Omaha is doing what other mutual fund companies are doing in this losing situation.
They are investing in or holding the rapidly decreasing $/share value of the Fishwraps because they are liberal. They have no problem using the share holders’s investments to prop up these money burning/shredding/wasting fish wraps.
At least Buffet has some of his own riches invested in his Berkshire shares. However Buffet is very liberal and has a left wing indebtedness in keeping the Compost and his other fishwrap loser afloat.
These left wing mutual fund companies and fund managers, who invest their share owners shrinking investment $’s in these losing corporations to keep them afloat should be sued by investors. These bastards have been an issue with me for a large part of this decade.
Check my homepage re mutual funds raping their investors to keep the Ny Slimes afloat with their investor $’s.
....WPO stock has slid from $650 share to $350 share....it won’t become a penny stock like McClatchey because it owns TV stations and Kaplan Prep testing services...