Warren Buffet: Newspapers face the prospect of seeing their earnings erode indefinitely
| Von roger @ 22:42 | [ Mondomedia ] |
Businessman and Investor Warren Buffet on the Future of Newspapers
It’s hard to make money buying a business that’s in permanent decline. If anything, the decline is accelerating. Newspaper readers are heading into the cemetery, while newspaper non-readers are just getting out of college. The old virtuous circle, where big readership draws a lot of ads, which in turn draw more readers, has broken down.Via Amy Gahran
Charlie and I think newspapers are indispensable. I read four a day. He reads five. We couldn’t live without them. But a lot of people can now. This used to be the ultimate bulletproof franchise. It’s not anymore.
