Warren Buffett’s Newspaper Purchase
Clay Shirky 2012-05-29
Summary:
Last week, Warren Buffett, the CEO of Berkshire Hathaway, purchased two dozen small newspapers and their related online properties from Media General, a conglomerate with holdings mainly concentrated in the southeast Unites States. After finalizing the deal, Buffett issued a memo on his view of the acquisition. (The text of the memo is here.) Buffett [...]