“So, you do not need to worry about CNBC 10 or 20 or 30 years from now.”
Not as long as there is CNN to be at the bottom but once they go...
Newspapers need paper, made from wood and mostly transported by rail. Doubt that WB cares about controlling that.
I do wonder how this acquisition might affect AMTRAK?
Believe that 909% of AMTRAK is on ‘rented’ rail, freight takes preference (AMTRAK is heavily tax subsidized, as is most public transportation)
Buffett through BH has owned a stake in the Compost for quite a few years now.
“Newspapers have a terrible future.” Wow, this Buffett guy is really smart. He probably reads the headlines at FreeRepublic, where the Dinosaur Media Death Watch has been going on for years.