4 responses to “June 29 reading list: Warren Buffett loves newspapers, and more”

  1. Barbara McDowell Whitt

    Your account of Waren Buffett and Berkshire Hathaway’s purchase of Media General newspapers sent me to Katharine Graham’s “Personal History” and her account of Berk’s investment in The Washington Post Company Stock in 1973. In his letter explaining the investment Buffet wrote to Graham in part: “This purchase represents a sizable commitment to us–and an explicitly quantified compliment to the Post as a business enterprise and to you as its chief executive. Writing a check separates conviction from conversation. I recognize that the Post is Graham-controlled and Graham-managed. And that suits me fine.” Personal History by Katharine Graham, 1997, p. 511.

  2. Alana Mautone (@RamblinGarden)

    My sister in law works for a daily newspaper in a suburb of a major U.S. city. I’ve heard her stories of woe for many years – I truly don’t know how she has been able to hang in there. I’ve seen my local daily newspaper become little more than a joke – I’m so sorry to say that. Both these papers are owned by the same company, whose name I will not mention. Hurrah for Warren Buffet. If only he would purchase her newspaper, and mine.

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