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Value Hiker
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Platinum
Re: Buffett
Value Hiker   6/6/2012 12:49:40 PM
NO RATINGS
The subscribers of newspaper were declining fast due to competition of online publishers, and the cash cow of newspaper (classified ad) was slaughtered by online advertisement like craigslist. My guess is that Mr. Buffett made the same mistake as he did on World Book Encyclopedia.  

Tenacious
User Rank
Platinum
Buffett
Tenacious   6/6/2012 12:01:41 PM
NO RATINGS
What do you think Buffett sees in newspapers? It's got me scratching my head

Drivewaygirl
User Rank
Platinum
Re: Ad revenue
Drivewaygirl   6/6/2012 11:38:01 AM
NO RATINGS
He might as well rename it the PennysaverToo and avoid any pretense of news.

cat tail
User Rank
Platinum
Ad revenue
cat tail   6/6/2012 11:22:22 AM
NO RATINGS
So basically what Newhouse is doing is keeping the print publications alive - barely - so he can have a vehicle for advertisers. To hell with the news--it'll be even older than the previous day. But you'll be able to clip your coupons!

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