Warren Buffett's decision to buy 63 daily and weekly newspapers from Media General confirms the market value of organizations that build a strong community around local news.
That value is precisely what digital news entrepreneurs like MinnPost, Texas Tribune and Voice of San Diego are counting on as they build their organizations.
Buffett, CEO of the conglomerate Berkshire Hathaway, is not betting on newspapers, so all of those bankrupt organizations out there that are looking for capital had better look elsewhere. Buffett is betting on the value of community news, especially in smaller communities where newspapers are the primary source of news and information.
Showing posts with label Berkshire Hathaway. Show all posts
Showing posts with label Berkshire Hathaway. Show all posts
Thursday, May 17, 2012
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