Warren Buffet buying 143 newspapers

Discussion in 'Politics' started by TheGreatGatsby, May 17, 2012.

  1. TheGreatGatsby
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    TheGreatGatsby Gold Member

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  2. g5000
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    g5000 Diamond Member

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    Why does your topic title say he is buying 143 newspapers when he is buying 63?

    Buffett seems to think newspapers are revenue generating businesses, but many of them are struggling to survive in the Age of the Internet.
     
  3. SniperFire
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    SniperFire Senior Member

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    Mid-market newspapers are an interesting investment, and I get the local appeal and staying power argument vis a vis large metro papers.

    But young people don't read them.
     
  4. uscitizen
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    uscitizen Senior Member

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    He is targeting the liberal crowd since cons do not read.
     
  5. Ragnar
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    Ragnar <--- Pic is not me

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    Cool with me if he buys what he wants, this is America after all. He should buy stuff while he still can.

    :eusa_whistle:
     
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  6. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    My bad. I must've merged the 63 newspapers and the $142 mil he's buying them for. It's still a worry though.
     
  7. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    Do you expect to be taken seriously?
     
  8. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    Hmm. I have to respect free market arguments. However, there's a reason that there were initially safe guards in place regarding banks and media. Seems the politicians have gotten away from them.
     
  9. get_involved
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    get_involved Gold Member

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    The vast majority of newspapers have a liberal slant and always have.
     
  10. Ragnar
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    Ragnar <--- Pic is not me

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    I'm cool with a small number of limited regulations here and there. (annually reviewed) However I don't think this need apply to newspapers (or any media really) in 2012. There is just no possible way to form a monopoly these days. At least without government coercion anyway.
     

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