Even Warren Buffett Can’t Save the Small Newspaper Business
Filed under: Company News, People, Media, Google , Berkshire Hathaway, Facebook, Yahoo, eBay, AOL
There’s an old saw on Wall Street that goes like this: “With few exceptions, when management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact.”
See below for the name of the wise soul who first voiced this opinion… but first, let’s take a look at how it’s proving out in practice.
The Price Barely Covers the Paper It’s Printed On
If there’s a business that fits the definition of…
Even Warren Buffett Can’t Save the Small Newspaper Business originally appeared on DailyFinance.com on 2012-12-07T11:10:00Z.
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