[xoxox]

Is that right out of his annual report? Through surrogates Buffet basically cornered the local newspaper industry in the 90's and I think I read he was planning to do so in radio as well though I don't pay attention any longer. In fact that only reason I know that much is that did some work for a newspaper heiress who told me the story.

You may conclude that it's just a story or, that even if it's true, it's not meaningful. I conclude that it is very meaningful, a modus operandi. I suspect he dominates and or colludes in insurance as well. Nope, can't prove it -- you see, by the time a trader can prove a hunch, the trade is gone. I've learned to trust my instincts.

[Dr. Sivana]

You are correct that Buffett had newspaper assets, but mostly smaller entities. He sold off a few years ago.

https://www.investopedia.com/buffett-sells-newspapers-4783434

Carlos Slim puts his money in the New York Times. Jeff Bezos in the Washington Post. Both are doing it to have a stake in reporting, Slim may not be a NWO type, but for him, a small investment keeps the NY Times from interfering with his business. Bezos is making a raw political play. Neither are making money off the newspaper itself.

I think Buffett thought local papers like the Buffalo News were less likely to be affected by the Internet than USA Today. He now says newspapers are toast.

Gannett owns 6,000 properties. Tribune is a distant #2, but still large. Buffett’s Lee Media has only 70 properties.