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Articles tagged Warren Buffett (34)

By selling Berkshire Hathaway’s newspapers to Lee Enterprises, the world’s most successful investor is acknowledging the industry’s downhill slide is not near an end.
Warren Buffett may not have sold his newspapers, but he sure looks to be throwing in the towel.
“Circulation of our print newspapers will continue to fall, a certainty we allowed for when purchasing them.”
Launched by the former publisher of The Tulsa World, The Frontier is betting on a high-subscription-cost model — $30 per month! — to reach a core group of civically engaged locals.
More than 200 newspapers are up for sale — as one group, in clusters, or one by one. Where they go could have a big impact on how the industry will look in the coming years.
For decades, newspapers moved from local ownership to nationwide chains. Now, the shift is in the other direction — with the help of your friendly neighborhood billionaire.
As a small band of ex-Posties launch the much watched Vox, the paper’s top editor sees better days ahead for many outlets new and old.
These are the nine big themes that will further separate the winners from the losers when we look back a year from now.