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Buffett buys the Bryan-College Station paper

Discussion in 'Journalism topics only' started by sprtswrtr10, Jun 20, 2012.

  1. sprtswrtr10

    sprtswrtr10 Member

    http://www.theeagle.com/article/20120612/BC0101/120619857/1003/BC01

    I hadn't realized Berkshire-Hathaway began this by buying the Omaha paper.
    Anybody out there from Omaha who can shed light on this story.
    Can Buffett save newspapers?
    Is he even trying to?
    How does he, or his firm, operate media?
    What's the story?
    Anyone …
     
  2. Armchair_QB

    Armchair_QB Well-Known Member

    Damn, I was hoping it was the other Buffett and he was going to rename it The Coconut Telegraph.
     
  3. Cosmo

    Cosmo Well-Known Member

    We're about to change hands from Media General to B-H at the end of the week. He's buying up successful papers in one-paper towns and investing in the infrastructure. I'll post anything I hear once I find out. I do know my MG company credit card is being cut off come Sunday.

    The MG folks will still technically be MG employees through the end of the year, but only for payroll/benefit purposes as they complete the transition.
     
  4. finishthehat

    finishthehat Active Member

    He has said the right things about being an owner (investing in compelling local content, not imposing his political views on the paper's news coverage) and seems to be sticking to them so far.
     
  5. Armchair_QB

    Armchair_QB Well-Known Member

    Per Romanesko, Buffett heads 90 miles up Highway 6 and buys the Trib-Herald as well.

    http://jimromenesko.com/2012/06/22/warren-buffett-buys-the-waco-tribune-herald/
     
  6. Football_Bat

    Football_Bat Well-Known Member

    Wish he'd head another 130 or so miles even farther north.
     
  7. spud

    spud Member

    GOLDEN TOILETS FOR ALL.
     
  8. spud

    spud Member

    This is super.

    http://jimromenesko.com/2012/05/24/warren-buffetts-letter-his-editors-and-publishers/
     
  9. Versatile

    Versatile Active Member

    Berkshire Hathaway, feel free to keep expanding. For once, a newspaper with a reasonable mission statement and the deep pockets to fund it. Admittedly, the skeptic in me says a written mission statement is easy. But I'm impressed.
     
  10. Bubbler

    Bubbler Active Member

    Buy us!
     
  11. MightyMouse

    MightyMouse Member

    Seems to be a common hope for many papers recently.

    Our paper does fit the mold for what he's looking for, so our fingers are crossed.
     
  12. pseudo

    pseudo Active Member

    Newspaper Work, With Warren Buffett as Boss

    It's not utopia at The Buffalo News -- there are concerns about declining revenues, and empty chairs in the newsroom (albeit through buyouts instead of layoffs) -- but I'm reasonably sure none of my friends there are planning to move on any time soon, either.

    A while back, someone questioned why Tim Graham would want to leave an allegedly comfy ESPN job to go back to TBN. The answer? For the chance to report and write stories like this: The picture of the cost of war
     
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