Investment guru Warren Buffett’s outlook on newspapers is dismal

In fact, Warren Buffett has said don’t buy newspaper stock at any price. The days of the monopoly newspapers huge readership and advertising revenue are long gone.

What happened? Take a look at this modest blog’s stats: The 7-day traffic average is now passing hundreds of thousands of hits.  The majority are college graduates and in their peek buying years ages 25-55.
I predict the Boston Globe will go online with just a Friday/Sunday printed and delivered paper. 

2 thoughts on “Investment guru Warren Buffett’s outlook on newspapers is dismal

  1. Obama White House loves❤ MSNBC. “I’ve got a thrill up my leg,” Chris Mathews. Chris was disgraced Democrat leader Tip O’Neal’s office boy when he was Speaker of the House.

    The unionized major media is in lock step with the Democrat party. Unions handed over $25 million in campaign money the past five years.

  2. Pingback: Buffett says “No”: Another nail in the newspaper coffin? « Ethical Martini

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