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Newspapers face 'unending losses,' Buffett says (Dinosaur Media DeathWatchâ„¢)
Marketwatch.com ^ | May 2, 2009 | Alistair Barr

Posted on 05/02/2009 11:53:33 AM PDT by abb

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Saturday afternoon good news.
1 posted on 05/02/2009 11:53:33 AM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Birch T. Barlow; ..

ping


2 posted on 05/02/2009 11:54:00 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://www.bostonherald.com/news/regional/view.bg?articleid=1169468
Globe gets reprieve

http://www.boston.com/business/articles/2009/05/02/globe_shutdown_deadline_extended/
Globe shutdown deadline extended

http://www.columbian.com/article/20090501/NEWS02/705029992
Columbian seeks Chapter 11 bankruptcy protection


3 posted on 05/02/2009 11:55:17 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

While reading Warren’s biography... Snowball... we find out that Warren made his seed money delivering newspapers in Washington D.C. as a boy...


4 posted on 05/02/2009 12:00:46 PM PDT by John123 (The US may be going down the drain, but everyone else will drown first...)
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To: abb

Not to be forgotten ever since Buffett elbowed into the WarshPost they’ve been decidedly anti-semitic.


5 posted on 05/02/2009 12:02:45 PM PDT by muawiyah
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To: abb
Wait, wait, we'll write nothing but fawning propaganda about you President Oh, and your pet Democrats, for a government bailout!

What do you mean we already give it to you now, for free?

6 posted on 05/02/2009 12:04:56 PM PDT by Navy Patriot (It's obvious from Nancy Pelosi's appearance that she tortures people every day.)
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To: Navy Patriot

Almost two weeks ago, a House committee had this hearing. Doesn’t look good for Uncle Sugar coming up with any money...

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/21/AR2009042103716_pf.html
In Congress, No Love Lost for Newspapers


7 posted on 05/02/2009 12:09:59 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

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?


8 posted on 05/02/2009 12:20:05 PM PDT by GeronL (TYRANNY SENTINEL. http://tyrannysentinel.blogspot.com LIBERTY FICTION at libertyfic.proboards.com)
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To: abb
"They lost their essential nature."

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".

9 posted on 05/02/2009 12:28:22 PM PDT by TurtleUp (Turtle up: cancel optional spending until 2012, and boycott TARP/stimulus companies forever!)
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To: abb

Thank you for the good news for the weekend. This recession has it’s silver lining.


10 posted on 05/02/2009 12:39:15 PM PDT by max americana
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To: TurtleUp

The internet also made their delivery system obsolete.


11 posted on 05/02/2009 12:43:30 PM PDT by Lets Roll NOW
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To: abb
margret sullivan, editor of the buffalo news has turned her rag into a propaganda sheet for schumer & clinton . easy the most far left opinion sheet in 100 miles, loaded w/ attacks on the right from some of the most vocal leftest available. but it just went to .75 a copy. it's getting thinner - without money bags it wd be on life support. shes too stupid to hire a real conservative journalist. so $$ bags will pay an pay
12 posted on 05/02/2009 12:44:32 PM PDT by reefdiver (Freedom - From Govt. - Educators - CNN)
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To: GeronL

The New York Sun was an attempt at a conservative, ‘quality’ newspaper. I loved it, but it didn’t work, alas.


13 posted on 05/02/2009 1:13:04 PM PDT by I Shall Endure
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To: abb
Photobucket
14 posted on 05/02/2009 1:32:07 PM PDT by Clay Moore ("Tax fraud is patriotic:" Timothy Geithner)
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To: abb
"They lost their essential nature."

To say nothing of their sanity, integrity and credibility.

15 posted on 05/02/2009 2:00:07 PM PDT by OrangeHoof (YES WE CAN have a Depression.)
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To: OrangeHoof; abb
"To say nothing of their sanity, integrity and credibility."

HA!!
GMTA.

As if Buffet's some kind of expert.
Buffoon Buffet really ought stick to tilting at windmills

16 posted on 05/02/2009 2:06:05 PM PDT by Landru (Arghh, Liberals are trapped in my colon like spackle or paste.)
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To: abb
Still, Berkshire won't sell its newspaper businesses and investments, Buffett noted, citing the company's promise to hold investments over the long term.

Going down with the ship? Just to prove a point? Not very bright.

17 posted on 05/02/2009 2:51:10 PM PDT by Birch T. Barlow (Go Mariners! Certain 2009 AL West champions!)
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To: GeronL
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?

Delivery of news by electronic means is faster, cheaper, and broader than print. It's apparent that people of all political stripes are turning to computers and mobile phones to get their news.

18 posted on 05/02/2009 3:15:17 PM PDT by Ipberg
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To: abb

Reuters piling on. ;)

Buffett offers bleak outlook for U.S. newspapers
http://www.freerepublic.com/focus/f-news/2242926/posts


19 posted on 05/02/2009 3:54:52 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: abb; All
Buffett's words of wisdom contain a glimmer of denial. As though dinomedia's cancer magically got contained to just fishwrap or something. Additional data hints at a bit'o whistling whistle past the graveyard
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.

20 posted on 05/02/2009 4:01:27 PM PDT by Milhous (Do unto others as you would have others do unto you.)
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