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Warren Buffett (BRK.B) picks up another community newspaper, this one the Tulsa World,...

Warren Buffett (BRK.B) picks up another community newspaper, this one the Tulsa World, circulation 95K. "The newspaper business has become a difficult business model ... in particular for local family-owned newspapers," says Robert Lorton, whose family has published the paper for more than 100 years.
Comments (6)
  • Daniel Niño
    , contributor
    Comments (54) | Send Message
     
    I'm not sure about this move by Mr. Buffett. Local newspapers have been a perfect "toll bridge" for years, but the Internet has completely changed the game and now local advertisers do have a choice that they hadn't before.
    26 Feb 2013, 10:02 AM Reply Like
  • seekingvalpha
    , contributor
    Comments (32) | Send Message
     
    I would love to know what Warrens thinking really is on community newspapers.
    26 Feb 2013, 10:03 AM Reply Like
  • 27mar38
    , contributor
    Comments (40) | Send Message
     
    We live on a farm and rural Georgia and
    subscribe to the local newspaper in order
    to follow local sports and doings.
    All other contact with the outside world
    is on line.
    Red
    26 Feb 2013, 10:41 AM Reply Like
  • cheryldownunder
    , contributor
    Comments (14) | Send Message
     
    "When you own the information you can bend it all you want...." or when you own all the newspapers you can put any slant to a story you want....
    26 Feb 2013, 04:58 PM Reply Like
  • roderik
    , contributor
    Comments (4) | Send Message
     
    Someone told me that only the real estate of these newspapers (often located in centre of towns) are worth more than the price paid for the newspaper. Can someone with more insight comment on this rumor?
    27 Feb 2013, 04:45 AM Reply Like
  • seekingvalpha
    , contributor
    Comments (32) | Send Message
     
    That might satisfy the orthodox value component Mr Buffett practices,however Berkshire's long presence in printed media suggests some sort of long game?
    27 Feb 2013, 05:12 PM Reply Like
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