Description: When Warren Buffett announced that his company, Berkshire Hathaway, was buying 63 newspapers from Media General on May 17, he issued a soaring statement about his belief in a beaten-down industry.
Source: Busineweek.com
Date: May 17, 2012
Link: http://www.businessweek.com/articles/2012-05-17/why-warren-buffett-really-likes-newspapers
Questions for Discussions:
- Do you think this is a wise investment?
- Did he get a great deal on these investments?
- What are some other financial ratios you would consider before investing in media?
- How could these investments become great internet properties as well?
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