Investment guru Warren Buffett’s outlook on newspapers is dismal

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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. 
The Boston Globe proposes to slash Guild wages by 23 percent. The talks carry on tonight and will probably end with an 18 percent cut in wages, and most and upper middle managers and no-named editors will be gone. The NY Times will handle the management. Just my prediction. 

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.

    Reply

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

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